OVER one hundred new residential buildings were recorded in Donegal in the first six months of this, according to new figures released today.
The new buildings are composed of 106 residential buildings, 23 commercial buildings and 2 dual-purpose buildings with both residential and commercial elements. These new additions bring the total number of buildings in Donegal to 88,309.
There were 730 transactions in Donegal from June 2013 to June 2014 and the average property price was €98,678 according to the report published by GeoDirectory.
The GeoDirectory database distinguishes between a ‘dwelling’ which is a single residential unit as opposed to a ‘building’ which can comprise one or more dwellings.
The new report cross-references the Property Price Register (PPR), the CSO Census of Population and the GeoDirectory Database, to offer new, unique insights into the residential housing density, turnover, development and shortage in the country.
Donegal had a residential density of 18.0 dwellings per km while Dublin had the highest residential density per square kilometre (573 dwellings per km). Leitrim (12.4) had the lowest residential density, followed by the Western counties of Mayo (12.6) and Roscommon (13.1).
A total of 3,640 dwellings were classified as being under construction in the GeoDirectory Database in July 2014. Cork (13.5% of all dwellings under construction in the country), Donegal (12.5%), Galway (6.8%) and Dublin (6.4%) dominated in this area.
By combining data on residential property transactions from the PPR and the GeoDirectory Database, an estimate of the rate of turnover of the housing stock can be ascertained.
The housing turnover rate in Donegal is 0.9%, along with Monaghan and Mayo, the lowest rates of housing turnover in the country for the period.
The national average housing turnover rate from June 2013 to June 2014 was 1.4%, with Dublin (9,717 transactions or 1.8% of the total Dublin residential stock) experiencing the greatest turnover in housing stock.
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.