Goodbody Stockbrokers has today released its latest BER Tracker which shows that 754 homes were completed in Ireland in March 2018 (+43% yoy).

A similar rate of growth (+45% yoy) was recorded in the first quarter overall (2,367 units), confirming the strong growth momentum in the new housebuilding sector in Ireland.

For the first time in its series, BER certificates issued over the past twelve months exceeded 10,000 units. Per thousand of the population, supply is running at 2.4.

This leaves housing output in Ireland at the fourth lowest of the 19 EU countries in the Euroconstruct data. Portugal (1.0), Italy (1.4) and Spain (1.5) currently have the lowest levels of output in the EU. The European average is estimated at 3.4 per 1000.

According to Goodbody Stockbrokers, "Given rapid population growth and a record low level of stock for sale, Ireland needs completions per capita to be well ahead of EU averages. Despite strong growth, more than a trebling of output is still required from here to catch up with estimated annual demand." 

Source: www.businessworld.ie