Infrastructure blockages stall Northern Ireland housebuilding
Posted: Thursday, October 17th, 2024
Construction Information Services (CIS) reports that in the first three quarters of 2024, there were 2,778 housing completions, down from 5,373 in 2023, The Construction Index reported. Total completions in 2024 are projected to fall significantly short of 2023 levels, marking the fifth consecutive year of declining residential completions. CIS commercial director Dave Thompson explained: “NI Water, the public body that maintains our water supply and infrastructure, has said that limits to its funding mean it can’t provide the infrastructure to support the strong demand for housing developments. We have seen these issues' impact in Q1/Q2/Q3 2024 with significant reductions in housing activity.” He continued: “Key regions have been particularly affected. In the first half of 2024, Belfast, one of the most critical areas for housing supply, experienced 266 completions – well below the required levels to meet ongoing demand.” The CIS report notes a persistent gap between private and social housing completions. In Q3 2024, there were 5,509 private units completed, compared to just 501 social units. This gap highlights the limited availability of affordable housing for lower-income groups.
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