More than 450 dwellings added to Mayo residential stock last year

451 residential address points in Mayo were added to the GeoDirectory database in the twelve months to December 2018, according to the latest GeoView Residential Buildings Report, published by GeoDirectory.

Nationally 21,207 dwellings were added to the GeoDirectory database in 2018. The vast majority of these new addresses were located in Leinster region (65.6% ), with Dublin accounting for over a third (35.2% ) of the overall total.

Also in December 2018, 186 residential buildings were classified as being under construction in Mayo according to the database. The Greater Dublin Area was responsible for 55.1 per cent of overall construction activity, an increase of 5.1 per cent on the regions previous year’s share. Residential construction activity in Ulster and Connacht recorded the lowest shares of construction activity in the State, accounting for 4.9 per cent and 7.5 per cent respectively.

Mayo’s vacancy rate is 12.8 per cent, which is higher than the national average of 4.8 per cent. In total, 19 out of 26 counties experienced a decline in residential vacancy rates over the past twelve months. Dublin is the county with the lowest vacancy rate at 1.1 per cent, however it was one of only seven counties to experience an increase in vacancy rates, up 0.3pp on its corresponding rate last year.

The three counties with the highest vacancy rates are all located in Connacht, while the three counties with the lowest were all located in the Greater Dublin Area highlighting the wide gap in vacancy rates between the east and north-west coasts. Leitrim had the highest vacancy rate (15.8% ) in the State, followed by Roscommon (13.5 per cent ), Mayo (12.8 per cent ) and Sligo (10.5 per cent ).

According to the latest GeoView Residential Buildings Report, 1,123 residential property transactions took place in Mayo in the 12 months to October 2018. Of this total, 7.4 per cent were new dwellings, lower than the national average of 20.7 per cent.

The average residential property price in Mayo in 2018 was €138,201, lower than the national average of €284,546. Residential property prices in Mayo increased by 5.5 per cent across the twelve months, equating to €602 per month. In Mayo, Westport is the town with the highest average residential property price (€190,222 ).

The GeoDirectory database is the most comprehensive address database of dwellings in the Republic of Ireland. A copy of the GeoView Residential Buildings Report is attached in PDF format and is available at www.geodirectory.ie

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