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Irish new home building jumps 35% in surprise second quarter boost
Published by Global Banking & Finance Review®
Posted on July 24, 2025
2 min readLast updated: January 22, 2026
Global Banking & Finance Review®
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Published by Global Banking & Finance Review®
Posted on July 24, 2025
2 min readLast updated: January 22, 2026
Irish new home building rose 35% in Q2, marking the strongest first half since 2008. Government initiatives aim to tackle the housing crisis.
DUBLIN (Reuters) -The number of new homes built in Ireland increased 35% year-on-year in the second quarter to 9,214, a surprise boost that completed the strongest first half since a 2008 property crash, data showed on Thursday.
Ireland has struggled to house a rapidly growing population since the collapse of the construction industry in the wake of the crash, and the number of homes built last year fell 7% to just over 30,000.
Year-on-year growth of just 2% in the first three months of the year prompted many analysts to downgrade their forecasts for this year. The central bank forecast last month that the government would fall well short of its targets over the next three years to rapidly increase supply towards 50,000 a year.
However the jump from April to June took the number of new dwellings completed in the typically seasonally weaker first half to 15,152, the Central Statistics Office data showed.
That was 9% above the same period in 2023 when a 15-year high of 32,500 homes were built for the year as a whole.
The government, which says handling the housing crisis is its top priority, announced plans in recent weeks to reduce minimum apartment sizes and modify rent controls in a bid to reverse last year's 24% fall in apartment building.
Apartment completions more than doubled year-on-year in the second quarter of 2025 to just over 3,000.
(Reporting by Graham Fahy Editing by Padraic Halpin and Mark Potter)
The number of new homes built in Ireland increased by 35% year-on-year in the second quarter.
A total of 15,152 new dwellings were completed in the first half of 2025.
The government announced plans to reduce minimum apartment sizes and modify rent controls to tackle the housing crisis.
Apartment completions more than doubled year-on-year in the second quarter of 2025 to just over 3,000.
Analysts had downgraded their forecasts due to a year-on-year growth of just 2% in the first three months of the year.
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