SIGNIFICANT DECREASE IN HOUSE CONSTRUCTION IN COUNTY MONAGHAN, SURVEY FINDS – BUT MARKET COULD BE STABILISING

23 August 2013 No Comments by The Northern Standard

A total of 55 new residential and commercial buildings were recorded in Co Monaghan for the first six months of 2013, according to new figures released by GeoDirectory.

The figures represent a year-on-year decrease of 49% compared to the same period in 2012 when 107 new buildings were added to the county.

The total number of new residential and commercial buildings recorded across the country in the first six months of 2013 was 4,220. The figures represent a continuing year on year decrease of 25% compared to the first six months of 2012, when 5,620 new buildings were added to the database.
GeoDirectory was jointly established by An Post and Ordnance Survey Ireland (OSi) to create and manage Ireland’s only complete database of commercial and residential buildings.

The figures are recorded through a combination of the An Post network of 5,600 delivery staff working with OSi.

The new data shows that 402 or 9.5% of this new commercial and residential stock are vacant. The vacancy rate for new building additions in Co Monaghan is 7%.

The 55 new buildings identified in the county consist of 48 residential buildings, six …

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