30/04/2014

New Dwelling Starts Drop 35%

The total number of new dwelling starts in Northern Ireland has fallen by 35% over the year, according to the latest Northern Ireland Housing Bulletin.

The figures, for October - December 2013, show that the number of new starts was 918, a decrease of 17% (185) on the previous quarter (July – September 2013) and 35% (485) on the same quarter in 2012.

The total number of new dwelling completions was 2,045, indicating a drop of 15% (349) on the same quarter in 2012.

In total, 4,667 households presented as homeless to the Northern Ireland Housing Executive during October to December 2013. This was a decrease of 165 (3%) on the previous quarter.

The number of households accepted by the Northern Ireland Housing Executive as full duty applicants for the quarter was 1,931, a fall of 12% compared to the previous quarter.

Between Quarter 3 (July – September) 2013 and Quarter 4 (October – December) 2013, residential property prices remained the same.

Over the year to the end of December 2013, residential property prices rose 4%.

Residential property prices are now 9% lower than Quarter 1 in 2005, and less than half of the peak value of the housing market in Quarter 3 in 2007.

During the fourth quarter of 2013 there were 4,827 verified residential property sales, incidating a 28% increase on the number sold in the fourth quarter of 2012. It is the highest number of quarterly sales recorded since 2007.

(IT)

Related Northern Ireland News Stories
Click here for the latest headlines.

26 November 2021
New Awards Scheme Announced For Use Of Irish Language In Businesses
A new awards scheme has been announced to promote the use and recognition of the Irish language in businesses by Communities Minister Deirdre Hargey. The GRADAIM Awards are earned by organisations that use Irish in their business or that provide services through the medium of Irish to their customers.
25 November 2021
New Community Park and Sports Zone Opens In Belfast
A new Community Park and Sports Zone has officially opened in Belfast by Communities Minister Deirdre Hargey. The new facilities have been completed has transformed an area known locally as the Back Path into a "more welcoming and safer space".
25 November 2021
New £23m Support Package Announced For NI's Social Care Sector
A new £23 million support package has been announced for the social care sector, enabling employers to offer improved rates of pay and attract more staff into the domiciliary care and care home workforces.
13 January 2020
NI Playwrights Set For New York Festival
A host of local talent are set to showcase their work on the international stage at a theatre festival in New York this month.
10 January 2020
New Commission Aims To Slash Gas Emissions
A new task force to enact transformative change on climate action has been established by Belfast City Council and Queen's University Belfast. The Belfast Climate Commission, made up of a range of organisations across the city, aims to play a role in taking necessary action to achieve government targets of net-zero greenhouse gas emissions by 2050.