2.34 The Joint Cork Housing Strategy includes an assessment of housing market trends in Cork since 1970. Fig 2.13 shows how Cork has consistently accounted for 10% - 15% of national new-build homes. Following the economic crash in 2010, ew home construction declined dramatically. While gradually recovering, it remains well below the long-term average. The housing strategy highlights how the Cork housing market is currently marked by a supply/demand mismatch, with under-supply remaining a serious issue, particularly in key urban areas.
2.35 Figure 2.14 shows how, reflecting the national trend, the City’s more recent dwelling completion rates is characterised by considerable change. In the period between 2011 - 2016 dwelling completion rates were minimal. From 2016 completion rates have generally grown steadily, all be it from a very low base.
An Analysis of Housing Completions in Cork Since 1970
Figure 2.13: An analysis of Housing Completions in Cork since 1970, source: Joint Housing Strategy.
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Cork City Draft Development Plan 2022-2028
Volume 1 I Chapter 2
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