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Housing Completions Rise 4% in Third Quarter, But Experts Warn of Ongoing Shortages

The number of new homes completed in Ireland rose to 9,235 during the third quarter of 2025, marking a 4% increase compared with the same period last year, according to the latest figures from the Central Statistics Office (CSO).

The data show varied growth across housing types: apartment completions rose by 3%, housing estates saw a modest 1% increase, while one-off houses recorded a notable 15% jump. Dublin accounted for more than a third (36%) of all completions, followed by the Mid-East region, which represented 19% of the total.

Clondalkin in Dublin emerged as the local electoral area with the highest number of completions during the period. The CSO also highlighted strong growth in the commuter belt counties — Kildare, Meath, Louth, and Wicklow — where new residential properties rose by 35%.

However, after adjusting for seasonal variations, the number of completions in the third quarter was down by 4%, suggesting a slowdown in activity compared to the strong start of the year.

Looking at the broader picture, the first nine months of 2025 present a more positive trend. “In the first nine months of 2025 there were 24,325 new dwelling completions, an increase of 13% on the same period in 2024,” said Steven Conroy, statistician at the CSO. He added that apartment completions for the January-to-September period were up 30% year-on-year.

Despite the overall growth, housing experts warn that the current pace of construction remains insufficient to meet demand. Trevor Grant, chairperson of Irish Mortgage Advisors, said that after a strong second quarter, housing activity appeared muted in the latter half of the year.

“The country needs an exponential increase in the number of new homes being built,” Mr Grant said. “Second-hand home stock levels have fallen to record lows and not enough new homes are coming on board. The biggest driver of Irish house price inflation is the shortage of homes coupled with pent-up demand and an expanding population.”

He cautioned that without a significant boost to housing supply, affordability challenges will deepen. “Steep house price inflation will persist, and homes will continue to be out of reach for a large cohort of young people as well as many others who wish to buy,” Mr Grant added.

The figures underscore a mixed outlook for Ireland’s housing sector — with steady year-on-year growth but persistent concerns about supply and affordability.

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