23% Fall in New Buildings in First Half of 2012

The total number of new residential and commercial buildings recorded across the country in the first six months of 2012 was 5,620 according to new figures released by GeoDirectory.  The figures represent a continuing year on year decrease of 23% compared to the first six months of 2011, when 7,330 new buildings were added to the database.

The 5,620 new buildings identified across the country by GeoDirectory consisted of 4,837 residential buildings, 590 commercial buildings and 193 dual-purpose buildings with both residential and commercial components.  Seven counties; Carlow, Clare Cork, Galway, Leitrim, Offaly and Tipperary have experienced an increase in new building additions for the first half of 2012.

GeoDirectory was jointly established by An Post and Ordnance Survey Ireland (OSi) to create and manage Ireland’s only complete database of commercial and residential buildings.  The figures are recorded through a combination of the An Post network of 5,600 delivery staff working with OSi. 

New data shows that 658 or 12% of this new commercial and residential stock are vacant.  Leitrim has the largest vacancy rate for new building additions at 20%.

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