County Roscommon has a residential vacancy rate higher than the national average
County Roscommon has a residential vacancy rate of 10.4% higher than the national average of 3.9%, according to new figures. Pic. Denis Minihane
County Roscommon has a residential vacancy rate of 10.4% higher than the national average of 3.9%, according to new figures.
A total of 168 residential buildings were under construction in Roscommon in December 2023, while 264 new address points were recorded, according to the latest GeoDirectory Residential Buildings Report, published last week.
The report, prepared by EY, found that Dublin and Leinster counties continued to record the highest levels of new construction activity in Ireland.
Of the total number of residential buildings under construction in December 2023, 15.7% were in Dublin. After Dublin, building levels were highest in Cork (12% of total), Kildare (11.9%) and Meath (6.2%).
In the twelve months to December 2023, a total of 28,742 new residential address points were added to the GeoDirectory database, representing a slight increase of 0.8% compared to the corresponding period in December 2022.
Over half of the new address points were located in the Greater Dublin Area of Dublin, Meath, Kildare and Wicklow (50.3%), while Dublin itself accounted for over a third (33.2%) of all new residential addresses.
The residential vacancy rate in Roscommon was 10.4% in December 2023, higher than the national average of 3.9%.
The national average vacancy rate dropped 0.1 percentage point to 3.9% in the twelve months to December 2023. After Q2 2023, this is the second consecutive report in which the residential vacancy rate has dipped below 4.0% and remains the lowest recorded by GeoDirectory since reporting started in 2013.
In total, there were 81,449 vacant units identified nationwide.
The highest residential vacancy rates continue to be found in the west of the country, with Leitrim (12%), Mayo (10.7%) and Roscommon (10.4%) recording the highest levels of vacancies.
The vacancy rate in Dublin was 1.0% in December 2023, the lowest in the country, followed by Kildare (1.1%), Meath (2.4%) and Waterford (2.5%).
The GeoDirectory Residential Buildings report also found that the number of derelict residential address points fell by 7.9% in the twelve months to December 2023 with a total of 20,780 derelict units identified across the State.
The highest proportion of derelict address points are located on the west coast of Ireland, with Mayo registering the highest concentration, at 13.7% of national total, followed by Donegal (11.7%) and Galway (8.7%).
There were 686 residential property transactions in Roscommon in the twelve months to October 2023, with an average property price of €187,609.
The average residential property price increased by 4.7% to €370,709 in the twelve months to October 2023, with the average price rising in every county.
The average cost of a residential property in Dublin was €536,472, while Longford was the county with the lowest average price at €176,823.When Dublin is excluded from the study, the national average house price falls to €300,319.
The only other counties to record house prices above the State average were Wicklow (€471,219) and Kildare (€392,587). The lowest average house prices were recorded in Longford (€176,823), Leitrim (€180,952), and Roscommon (€187,609).
Commenting on the findings of the GeoDirectory Residential Buildings Report, Dara Keogh, CEO of GeoDirectory said: “Over the past twelve months we have seen increases in the number of buildings under construction and new residential address points across the State, which is a positive development. The report has also identified a continued drop in the number of vacant and derelict properties, which would indicate that efforts and policies to bring these units into the housing stock are having an impact.”
