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Laura Hutton/Photocall Ireland
building sector

Number of new buildings rose by 2% in 2012

The figures also show a drop of 87 per cent compared to the record high of 2007, when 96,000 new buildings were identified.

THERE WERE 12,541 new residential and commercial buildings in 2012.

The figures released by GeoDirectory, show a year on year increase of 2 per cent compared to 2011 and a drop of 87 per cent compared to the record high of 2007, when 96,000 new buildings were identified.

There were 10,919 residential buildings, 1,245 commercial buildings and 375 dual-purpose buildings with both residential and commercial components.

Fourteen counties, Clare, Cork, Galway, Kerry, Kildare, Kilkenny, Leitrim, Louth, Meath, Monaghan, Offaly, Sligo, Tipperary and Wexford were in line with the national trend, showing increases in new building additions compared to 2011.

Cork recorded the largest number of new buildings (1,576) with Clare recording the smallest (2).

The data shows that 12 per cent of this new commercial and residential stock are vacant and 1,720 buildings across the country were under construction at the end of the year.

In addition, there was a 25 per cent year on year decrease in commercial buildings additions, with 1,245 recorded in 2012 compared to the 2011 figure of 1,661.

However, Dara Keogh, CEO, GeoDirectory said the figures showed a positive trend in the building sector:

The end of year figures for 2012 highlight a small increase in building activity.  The figures for 2012 and 2011 indicate a bottoming out of the downward curve, and a leveling off of the decrease in building activity.  This positive trend is supported by growth in new additions across fourteen counties, with Cork City and County recording the largest number of new buildings.

Read: More than 1 in 10 business properties are lying empty >

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