Almost 4k new address points added in Cork

Almost 4,000 new residential address points in Cork were added to a national database last year.

According to GeoDirectory’s latest residential buildings report, out of the 35,056 new residential address points recorded nationwide last year, 3,761 were located in Cork.

While Dublin accounted for the largest proportion of new residential address points, with 11,966 new additions, Cork followed in second, accounting for almost 11% of all new address points registered.

Cork also had the second highest rate of development activity, with a further 3,668 residential buildings classified as ‘under construction’ in December.

Nationally, there were 27,931 buildings under construction at the end of 2025, marking a 25.5% increase on the same period in 2024.

Cork also saw a 3.6% residential vacancy rate at the end of 2025, coming in just under the national average of 3.7%, which is considered a record low, decreasing by 0.1% from the previous year.

RESIDENTIAL

In total, 79,703 residential units in the State were classified as vacant by GeoDirectory at the end of last year, with the lowest rates recorded in Dublin (1.2%), Kildare (1.7%), and Waterford (2%).

A total of 19,438 derelict units were also recorded in the State by GeoDirectory in Q4, a 3.3% decrease compared to the previous year, with 6.4% of these derelict buildings recorded in Cork.

A total of 5,505 residential property transactions were recorded in Cork in the 12 months to November 2025, according to Central Statistics Office data, with 31.2% of these transactions involving new dwellings.

The average cost of a house rose in all counties between November 2024 and November 2025, with the national average increasing by 6.6% to €427,937.

However, in Cork, the average residential property price recorded by the end of last year stood at €391,172, almost 9% lower than the national average.

Dara Keogh of GeoDirectory said 2025 saw an “acceleration in residential construction activity nationally, which was over 25% higher than what was recorded in 2024”.

“Delivering this new supply pipeline to the market in 2026 should be a priority for the sector, as low vacancy rates combined with increased demand continues to drive the average property price upwards,” said Mr Keogh.