Over 1,300 new homes added in Louth as construction activity rises

A total of 1,351 new residential address points were recorded in Louth the twelve months to June 2025 according to the latest GeoDirectory Residential Buildings Report released today. The report, prepared by EY, found that a further 1,367 residential buildings were under construction across the county in June 2025.

In Louth, the residential vacancy rate in Q2 2025 was 3.4%. The national vacancy rate remained at a record low of 3.7%, which is a 0.1% decrease from the corresponding period in Q2 2024. Additionally, the average house price in Louth was €332,688 in June 2025.

Nationally, a total of 33,002 new residential address points were added to the GeoDirectory database, representing a 5.2% increase year-on-year. The Greater Dublin Area accounted for just over half of all new address points (53.2%), while Dublin itself accounted for 12,762 (38.7%) of new addresses added in the year to Q2 2025, followed by Cork (3,363), Meath (1,830) and Kildare (1,747). Counties in Leinster accounted for over two-thirds (68.3%) of the new address points.

The total number of buildings under construction nationally in June 2025 was up 9.2%, or by 2,018 buildings, compared to June 2024. Of the 23,869 residential buildings under construction last month, 16.7% were located in Dublin (3,979 buildings), closely followed by Cork (2,876 buildings). Construction activity was weakest in Longford and Leitrim where there were fewer than 150 buildings under construction in total.

Commenting on the findings of the latest GeoDirectory Residential Buildings Report, Dara Keogh, CEO of GeoDirectory said: “While we've seen a significant increase in new residential address points, which is a testament to ongoing construction and development, the market continues to navigate complex issues. We continue to see low levels of vacancy in the residential property sector at 3.7% and average house prices continue to rise, now at €418,261. This reflects persistent demand, even as we observe a slight decrease in overall property transactions.”

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Annette Hughes, Director at EY Economic Advisory, said: “The latest GeoDirectory data finds that vacancy rates have fallen in 17 counties and there has been a 2.9% drop in derelict properties nationally, reflecting a broader trend of improved utilisation of existing stock as more homes are being brought back into use.  Data on the number of residential buildings under construction is also positive and looking ahead, continued collaboration between public and private sectors will be important to sustaining momentum on housing supply”."