Dodgy Statistics
If 36,000 new houses were built last year, why were only 58 sold to buyers in Dublin? - ✍️Lorcan Sirr
We’ve been here before. Between 2011 and 2017, the Department of Housing knowingly over-counted new housing completions by 58 per cent.
A house is counted as new when it is connected to the electricity grid..However, a connection to the electricity grid does not mean a new house is legally ready to occupy. Far from it. Concrete shells with no flooring, kitchens, bathrooms or plastered walls are included in the figures for new homes once they have power. It can easily be six months between connecting a new house or apartment to electricity and it being legal to occupy. As such, it seems many new houses are being forward-counted annually.
We’re not back to double-counting new housing as officials did then, but the current method is misleading.
In reality, fewer than one in three of all new houses made it to the open market for buyers last year. About one in six were bought by investors, councils and Approved Housing Bodies.
#FFG #HousingDisaster #Targets #delivery #HowIrelandWorks #AHB #Investorfunds
irishtimes.com/opinion/2026/…