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10,193 new homes were commenced in the first nine months of the year RollingNews.ie

New dwelling completions up by 13% as property prices increase by close to 8%

In the first nine months of 2025 there were 24,325 new dwelling completions, an increase of 13% on the same period last year.

THERE’S BEEN A 13% increase in the number of new home completions in the first nine months of 2025 when compared to the same period last year.

The number of new dwelling completions was some 24,325, compared to 21,634 during the first nine months of 2024.

However, the number of dwellings approved planning permissions was down by the same proportion in Q2 of this year when compared to the same period in 2024, from 8,513 units in Q2 2024 to 7,447 dwellings granted planning permission in Q2 2025.

Meanwhile, some 10,193 new homes were commenced in the first nine months of the year.

The local authority with the most units commenced was Dublin City (1,808), followed by Cork County (956).

The figures come from the Housing Hub which has been developed by the Central Statistics Office (CSO).

The CSO says the Housing Hub will “serve as a single source for key housing information using the latest data from the CSO and other public service bodies”.

Meanwhile, the Residential Property Price Index (RPPI) increased by 7.6% in the 12 months to September, with property prices up 5.3% in Dublin and 9.4% outside of Dublin.

The region outside of Dublin that saw the largest growth in house prices was the Midlands at 13.3%.

The RPPI is designed to measure the change in the average level of prices paid by households for residential properties sold in Ireland. 

And while the price of some construction materials have decreased, such as glass, electrical fittings, and concrete bricks, other items have seen steep increases in the year to October.

For example, the cost of copper pipes and fittings is up 6.5% and hardwood is up 4.6%.

Labour costs are also up in the construction sector, with average hourly earnings up from €30.85 in Q2 2024 to €34.22 in Q2 2025.

Elsewhere, the CSO data showed that 95% of households have internet access while 99% of dwellings built since 2022 have a Building Energy Rating (BER) of A.

Meanwhile, close to a third of people who bought a dwelling in 2024 were 35 or under, while around 11% were aged 60 and over.

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