Rise In Number Of Projects Granted Planning - CIS Ireland

New figures have revealed an increase in the number of projects granted planning permission during the first six months of 2018.

Research by Construction Information Services (CIS) Ireland shows an 6% rise in the volume of projects granted planning, with residential the best performing sector with a 20% increase (476 multi-unit applications approved up from 398 last year).

CIS Ireland stated: "The largest sector by volume is Agriculture with almost 800 projects granted, an increase of 13% on H1 2017. Only two sectors have fallen in volume terms but the decline is minimal in both the Community & Sport and Commercial & Retail sectors.

"On a regional basis, all areas have experienced an increase in volumes apart from Dublin down 11% and Ulster ROI down 3%.

"The outlook from our analysis is more positive when we look at data in monetary terms as there has been an increase of 34%, with over €5.25 billion in projects granted planning in the first half of 2018, up from €3.8 billion in H1 2017. Every region is in positive territory when we look at the data in value terms. Munster is up 83% with three projects worth over €150 million each on the horizon."


However, the overall volume of projects submitted for planning during the first half of 2018 has fallen by 1% when compared with the same period last year.

CIS Ireland stated: "In a turnaround of sorts, most sectors have experienced negative growth rates with the exception of Residential, Industrial and Agriculture. The worst performing sector is Community & Sport which is down 29% on the same period last year. Medical & Care Residential is also down 255 projects on H1 2017. The best performing sectors are Agriculture and Residential which are up 13% and 12% respectively."

Regionally, only Leinster and Munster have grown in volume terms, up 12% respectively, while all other regions have declined.

Nevertheless, the value of projects submitted for planning has increased by 1%, with over €5.6 billion worth of projects submitted for planning in the first six months of 2018, up from just over €5.5bn in the first half of 2017.

"Residential has almost €2.5 billion in projects submitted for planning in the period under review," CIS Ireland said.

"On a regional basis almost all regions have shown strong growth with the exception of Munster which was down 32%."

(LM/MH)