The seventh GeoView publication on the stock of residential properties in Ireland was published on July 25th 2017. The report is commissioned by GeoDirectory from DKM Economic Consultants and provides an analysis of the housing stock based on GeoDirectory's database of over 2 million residential building records. The key points to emerge from the latest analysis are as follows:
• There are 1,967,698 residential dwellings across the country in June 2017.
• The national average housing turnover rate was 2.22%. When Dublin is excluded the turnover rate falls to 2.05%.
• The report estimates that the turnover of residential stock was 43,767 transactions in the year to May 2017.
• The national average house price for the year was €250,188. This drops to €175,782 when Dublin is excluded.
• A total of 5,966 residential dwellings were classified as being under construction in the GeoDirectory Database in June 2017.
Annette Hughes, Director of DKM Economic Consultants said: “As of June 2017, there were 1,967,698 residential dwellings across the Republic of Ireland. With 43,767 property transactions in the year there was a turnover rate of 2.22%; 90% of the properties transacted were second hand dwellings. This along with increasing property prices suggests that a substantial increase in construction activity is very much needed.”
The sixth issue of DKM's Brexit Watch was published today on 13th July 2017. Key highlights from this issue include:
• DKM's take on political developments since Issue 5 (29th June),
• Relocations: who's winning? and
• Pharma: sweet pills for the Irish industry
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