Covid-19 halts building of 60,000 homes

Covid-19 has halted the building of almost 60,000 new homes worth €10 billion across Ireland, figures published on Thursday show.

Construction ceased on all but essential projects last month to comply with restrictions aimed at stopping the spread of coronavirus, stalling projects worth an estimated €21 billion.

Developers were building almost 60,000 homes on 796 sites around the country when lock downs began in March, according to Construction Information Services (CIS), which monitors the industry in Ireland.

The projects had a combined value of €9.55 billion, which included €925 million worth of work in Northern Ireland, says an update by CIS managing director, Tom Moloney.

“Dublin alone had 185 active sites with a combined value of €4.3 billion,” Mr Moloney added.

Listed house builders Cairn Homes and Glenveagh Properties both confirmed that they would halt work after Taoiseach Leo Varadkar extended Covid-19 restrictions to construction last month. The two companies are working on more than 30 sites between them, many in or close to Dublin, the region hardest hit by the housing shortage.