GeoDirectory records 56% decrease in new buildings in 2008

27th January, 2009
42,683 new residential and commercial buildings were recorded across the country in 2008, according to new figures released today by GeoDirectory. This represents a year-on-year fall of 56% compared to 2007 when 96,000 new buildings were identified nationally.
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 were recorded by 5,600 An Post delivery staff working with experts from OSi.
Across the country, total completed residential buildings numbered 37,968, commercial buildings 3,275, and dual-purpose buildings with both residential and commercial components totalled 1,440.
The new additions for 2008 bring the total number of buildings in the Republic of Ireland to 1,855,567.
The greatest increase was recorded in Cork City and County where 4371 residential, 311 commercial, and 280 dual-purpose buildings were identified during the year. In contrast, Leitrim recorded the lowest number of additions with 655 residential, 26 commercial and 8 dual-purpose buildings added to the GeoDirectory database in the twelve months from January to December 2008.
Commenting on the new figures, GeoDirectory General Manager, Dara Keogh said,
“The largest decrease in building activity was recorded in the residential sector, which fell year-on-year by 58% in 2008. The rate of commercial property development fell by 16% in 2008. These drops are measured against a record year in 2007 and reflect current market conditions. They represent a return to longer term average construction levels.”
GeoDirectory will release figures for the first six months of 2009 in early July.
ENDS

Editor’s Note
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, save valuable minutes in time-critical situations. 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 1.8 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
 
GeoDirectory records 56% decrease in new buildings in 2008 - Carlow
GeoDirectory records 56% decrease in new buildings in 2008 - Cavan
GeoDirectory records 56% decrease in new buildings in 2008 - Clare
GeoDirectory records 56% decrease in new buildings in 2008 - Cork
GeoDirectory records 56% decrease in new buildings in 2008 - Donegal
GeoDirectory records 56% decrease in new buildings in 2008 - Dublin
GeoDirectory records 56% decrease in new buildings in 2008 - Galway
GeoDirectory records 56% decrease in new buildings in 2008 - Kerry
GeoDirectory records 56% decrease in new buildings in 2008 - Kildare
GeoDirectory records 56% decrease in new buildings in 2008 - Kilkenny
GeoDirectory records 56% decrease in new buildings in 2008 - Laois
GeoDirectory records 56% decrease in new buildings in 2008 - Leitrim
GeoDirectory records 56% decrease in new buildings in 2008 - Limerick
GeoDirectory records 56% decrease in new buildings in 2008 - Longford
GeoDirectory records 56% decrease in new buildings in 2008 - Louth
GeoDirectory records 56% decrease in new buildings in 2008 - Mayo
GeoDirectory records 56% decrease in new buildings in 2008 - Meath
GeoDirectory records 56% decrease in new buildings in 2008 - Monaghan
GeoDirectory records 56% decrease in new buildings in 2008 - Offaly
GeoDirectory records 56% decrease in new buildings in 2008 - Roscommon
GeoDirectory records 56% decrease in new buildings in 2008 - Sligo
GeoDirectory records 56% decrease in new buildings in 2008 - Tipperary
GeoDirectory records 56% decrease in new buildings in 2008 - Waterford
GeoDirectory records 56% decrease in new buildings in 2008 - Westmeath
GeoDirectory records 56% decrease in new buildings in 2008 - Wexford
GeoDirectory records 56% decrease in new buildings in 2008 - Wickow
 
Latest figures
GeoDirectory records 23% drop in annual new building additions in 2010