The latest edition of the National Housing Construction Index compiled and issued by Link2Plans (www.link2plans.com) illustrates the continued rise in planning applications across Dublin as well as a significant increase in project commencements. The National Housing Construction Index measures every submitted planning application and planning commencement across Ireland from January to February 2013.
One key finding in the research by Link2Plans is that the number of project applications has risen in Leitrim by 67% compared to the same period in 2012 with 15 project applications made this year. The latest figures show a marked increase in planning applications in 10 other counties with Roscommon (65%) and Monaghan (75%) showing the biggest rise besides Leitrim.
Despite this positive news, Leitrim has had a significant drop in planning commencements, at a fall of 29%. However Managing Director of Link2Plans Danny O’Shea did not see the decrease as cause for alarm at this particular juncture. In the January/February analysis period, O’Shea believed that a key factor at play was the bad weather, explaining why many projects have yet to get off the ground.
According to O’Shea, there are significant positive signals nationally from this report. “This volume of the National Construction Index shows that there has been a slow down in the rate of decline in planning applications and commencements.” He added, “If these trends continue into 2013, we could expect to see numbers potentially rising in the first half of this year which is potentially very positive news for the sector as a whole.”
Nationally planning applications are down by 3% and commencement notices have fallen by 14%.