After a surge in approvals at the start of the year, the number of units approved fell back during the second and third quarter. The number of units approved during the third quarter dropped by 21% against the previous three months to stand 18% down on the third quarter of 2020. The decline was due to a weakening in both private and social sector approvals.
Glenigan recorded the approval of 70,245 residential units1 during the third quarter of 2021. At 62,434 units, housing schemes of ten or more units accounted for 89% of approved units; the remainder being on smaller new build projects including self-build schemes, homes included within non-residential projects, and the conversion of non-residential properties.
