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Housing Data

Dáil Éireann Debate, Wednesday - 28 April 2021

Wednesday, 28 April 2021

Ceisteanna (458)

Eoin Ó Broin

Ceist:

458. Deputy Eoin Ó Broin asked the Minister for Housing, Local Government and Heritage the number of long-term lease and Part V lease approvals granted to date in 2021; the number of units in each approval; the local authority in which each approval was granted; the average annual cost of the lease in each development; and the average length of the lease in each development. [21556/21]

Amharc ar fhreagra

Freagraí scríofa

To date, a total of 48 leasing projects have been approved by my Department in 2021 under the Long Term Leasing and Enhanced Leasing Schemes. These 48 projects have approval for the delivery of 603 dwellings under long term lease agreements and 123 dwellings under Part V lease agreements. A breakdown of these approvals by local authority, detailing the term of the agreement and number of units in each approaval, is set out in the attached Table.

My Department does not release specific cost information at a project level as these transactions are commercially sensitive and contain proprietary information that may impact on the competitiveness of the local authority sector. The average cost of all long term leases approved in 2021 is €15,000. In a Part V leased unit, the lease payment can vary greatly depending on how the equivalent net monetary value has been reflected in the agreement. This is usually achieved by either a rent free period up front or a discount on the lease payment over the term of the lease (or part thereof).  When this is taken into account, it is estimated that the average cost of Part V lease units approved to date in 2021 is €18,049 annually over the term of the lease.  It is important to note that the  Part V leased units approved to date in 2021 are largely in Dublin. The average lease cost will vary having regard to the location of the dwelling, size and the property type. 

Table 1: 2021 Leasing Approvals

LA

Approval Number

Number of LTL Units

Number Part V Lease Units

Average Agreement Length

Carlow Co. Co.

1.

10

0

25 years

Cavan Co. Co.

1.

6

0

20 years

Clare Co. Co.

1.

4

0

25 years

1.

28

0

2.

3

0

3.

6

0

Cork City Co.

4.

15

0

25 years

Cork Co. Co.

1.

1

0

25 years

1.

34

0

2.

31

0

DLR Co. Co.

3.

5

0

25 years

Donegal Co. Co.

1.

2

0

10 years

1.

14

0

2.

4

0

3.

13

0

4.

3

0

5.

31

0

6.

8

0

7.

15

0

8.

15

0

9.

3

0

10.

29

0

11.

12

0

12.

5

0

Dublin City Co.

13.

1

0

25 years

1.

49

110

Fingal Co. Co.

2.

1

0

25 years

1.

112

13

2.

2

0

3.

1

0

Kildare Co. Co.

4.

23

0

25 years

1.

3

0

2.

1

0

3.

1

0

4.

5

0

Limerick Co. Co.

5.

1

0

25 years

Louth Co. Co.

1.

16

0

2.

14

0

25 years

Meath Co. Co.

1.

15

0

25 years

1.

12

0

2.

16

0

3.

4

0

4.

9

0

5.

2

0

6.

8

0

South Dublin Co. Co.

7.

8

0

25 years

1.

1

0

Wexford Co. Co.

2.

1

0

15 years

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