Planning permissions for apartments have risen by 80 per cent in the past year, according to the Central Statistics Office (CSO).
The increase in permissions comes on the back of an overhaul to the apartment planning guidelines in March 2018, which made it more economic for developers to build.
The CSO said planning permissions were granted for a total of 10,590 homes in the third quarter of 2019, 5,656 of which were apartments and 4,934 were houses.
This represented an overall increase of 32 per cent on the same period last year, comprising an 80 per cent hike in apartment permissions and a 1.1 per cent increase in house permissions.
The figures show one-off houses accounted for nearly 31 per cent of all new dwelling units granted planning permission in the third quarter.
Separate data published on Wednesday show average monthly rents across the State rose by 8.2 per cent
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