Residential developments quadruple

The number of residential developments has more than quadrupled since the low point of 2011, with the majority of large-scale developments concentrated in the capital.

In the first eight months of the year, 290 residential developments — 127 of which are based in Dublin — have commenced, compared to just 70 in the same period three years ago when the construction sector was at its lowest ebb and house-building all but came to a halt.

The increase means that such developments account for almost 6% of residential projects in the country — up from just below 2% in 2011, according to the National Housing Construction Index compiled by Link2Plans.