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Cork City · report

New homes in Cork City

77.7% more homes were granted planning permission in the last 12 months than in an average year of the past decade.

Permitted, 12 months
3,396
Per 1,000 residents
15.2

Homes granted planning permission in Cork City

Homes granted planning permission over the previous 12 months, at each quarter.

  • Cork City
  • Ten-year average
Show the numbers
PeriodCork City
Jun 20263,396
Mar 20262,301
Dec 20252,679
Sep 20252,466
Jun 20252,543
Mar 20251,858
Dec 20241,464
Sep 20243,006
Jun 20242,159
Mar 20242,327
Dec 20232,311
Sep 2023944
Jun 20231,007
Mar 20231,644
Dec 20222,109
Sep 20222,027
Jun 20221,993
Mar 20222,566
Dec 20212,062
Sep 20212,182
Jun 20212,476
Mar 20211,888
Dec 20202,045
Sep 20202,258
Jun 20201,883
Mar 20201,147
Dec 20191,083
Sep 2019659
Jun 2019580
Mar 20191,157
Dec 20181,025

Homes finished and licensed each year in Cork City

Homes completed (columns) against homes granted planning permission (line), each year since 2011. CSO.

  • Homes finished
  • Homes licensed
Show the numbers
YearHomes finishedHomes licensed
20251,4982,679
20241,2191,464
20231,0382,311
20221,1942,109
20217392,062
20201,0242,045
20197241,083
20185891,025
2017399—
2016274—
2015192—
201489—
2013158—
201295—
2011151—

Planning permission is permission to build, not a finished home: most homes are completed one to three years later, and some never are. The CSO counts the houses and apartments in the permissions granted each quarter: Ireland's since 1975, its regions' and councils' since 2018.

Other reports for Cork City

Affordability

At the average sale price, a home costs €403,435. With 10% down and a 30-year mortgage, the payment is €1,620 a month. Ireland sets no cap on the payment; the Central Bank limits most mortgages to four times gross income for first-time buyers and 3.5 times for others.

Payment, two incomes
19%
Payment, one income
38%

Buy or rent

Owning the average home costs less each month than renting it. Owning counts interest, running costs and the return the deposit could earn, at the average sale price; rent is the average rent of the tenancies registered with the RTB in the year. Repaying the loan is saving, so it is left out.

Rent per month
€1,701
Owning per month
€1,552

Past cycles

Sale prices have fallen by 3% or more 7 times since 2010. The deepest began in Q2 2010.

Deepest fall
−42.0%
Recovery from the low
42 months