New builds in Limerick below national average

THE NUMBER of new buildings recorded in Limerick last year was 604, representing a decrease in comparison to 2011 while nationally the number of new builds is on the up.

THE NUMBER of new buildings recorded in Limerick last year was 604, representing a decrease in comparison to 2011 while nationally the number of new builds is on the up.

The GeoDirectory has also revealed that 12% of new builds are vacant in Limerick.

The 604 new buildings identified in Limerick were composed of 519 residential buildings, 62 commercial buildings and 23 were dual-purpose buildings with both residential and commercial elements.

These new additions bring the total number of buildings in Limerick to 81,782.

The recorded figures highlight that 73, or 12% of this new commercial and residential stock in Limerick, are vacant.

The data further indicates that 75 buildings across the county were under construction at the end of the year.

The decrease in new building additions in Limerick in 2012 of 6% is in contrast to the 2% increase recorded nationally.

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.

Across the country, GeoDirectory recorded 12,541 new buildings consisting of 10,919 residential buildings, 1,245 commercial buildings and 375 dual-purpose buildings with both residential and commercial components.

Fourteen counties were in line with the national trend, showing increases in new building additions compared to 2011.

Waterford recorded the largest year on year decrease of 42%, with 253 residential, 21 commercial and 15 dual-purpose properties.

Dara Keogh, CEO of GeoDirectory, said the end of year figures highlight a small increase in building activity.

“The figures for 2012 and 2011 indicate a bottoming out of the downward curve, and a levelling off of the decrease in building activity.

“This positive trend is supported by growth in new additions across fourteen counties, with Cork City and County recording the largest number of new buildings.”