GeoDirectory records slower growth in new buildings in the first six months of the year

The total number of new residential and commercial buildings recorded across the country in the first six months of 2008 was 26,289 according to new figures released today by GeoDirectory.

The figures represent a year on year decrease of 57% compared to the first six months of 2007, when 60,781 new buildings were added to the database.

GeoDirectory was jointly established by An Post and Ordnance Survey Ireland to create and manage Ireland’s only complete database of commercial and residential buildings. The figures are recorded through a combination of the An Post network of 5,600 delivery staff working and OSi.

The new additions for the first six months of 2008 bring the total number of buildings in the Republic of Ireland to 1,846,896.

The highest increase in completed new buildings was recorded in Cork City and County where 2893 residential and 135 commercial properties were completed during the first half the year. In contrast, Monaghan recorded the lowest number of additions with 299 residential and just 12 commercial properties completed in the six months of 2008.

Commenting on the figures, General Manager at GeoDirectory, Dara Keogh said,

“We recorded over 80,000 new additions in 2007 which was a record year and for the first six months of 2008, we added 26,289 buildings. GeoDirectory predicts that approximately 40,000 residential and commercial buildings will be completed across the Country in 2008. The slow down in new additions is reflective of a more cautious approach by developers who seem to be meeting demand rather than anticipating future need.”

ENDS

Editors Note
In January 2009, GeoDirectory will release the total number of new buildings added to its database during 2008.

The GeoDirectory database is used by many different companies and organisations across a diverse range of applications. The Emergency Services use GeoDirectory for route optimisation when responding to 999 calls, which can save valuable minutes in an emergency. Similarly companies like Dominos Pizza use GeoDirectory for address location to ensure that delivery times are met. In the property sector, GeoDirectory is used by Daft.ie and the Property Registration Authority. In addition, utility companies, banking and insurance providers and all local authorities use the database.

Each of the 1.85 million building records contained in GeoDirectory includes an accurate standardised postal address, usage details for each building (commercial or residential), a unique 8-digit identity number, or fingerprint, and x, y coordinates which accurately locate the centre point of each building to within one metre on the National Grid.

The database is updated quarterly by OSi and An Post staff.

GeoDirectory General Manager Dara Keogh is available for interview/comment.

For further information please contact:

Dan O’Boyle

Wilson Hartnell Public Relations

Tel: +353 1 6690237

Mob: +353 87 1207842

Email: dan.oboyle@ogilvy.com

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GeoDirectory records slower growth in new buildings in the first six months of the year

GeoDirectory records slower growth in new buildings in the first six months of the year

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