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Residential construction activity tops pre-pandemic levels

Residential construction activity exceeded pre-pandemic levels last year, topping more than 30,000 units, according to a report from Deloitte.

Deloitte Ireland’s latest Real Estate Planning & Development Statistics report says commencement notices were lodged on 24,304 units in residential schemes comprising more than 20 units last year.

As approximately 5,000-6,000 units are commenced annually in smaller schemes or standalone units historically, the Big Four accountant said, it arrived at an adjusted figure of 30,304 total residential commencements in 2021.

Read the full details in the Irish Times

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