DUBLIN, Aug. 21 (Xinhua) -- A total of 4,419 new dwellings were completed in Ireland in the second quarter of this year, up 34.1 percent over the same period last year, said Central Statistics Office (CSO) of Ireland on Tuesday.
Of all the new dwellings completed in Q2 2018, scheme dwellings accounted for 63 percent, single dwellings for 26 percent and apartments for 11 percent, said the CSO, Ireland's national statistics bureau.
Scheme dwellings refer to dwellings built under the government schemes to enable lower-income households to buy homes at a price lower than the market value. Single dwellings refer to detached houses.
Of all the new dwelling completions in the second quarter of this year, 78 percent were in urban areas, said the CSO, adding that Dublin, the capital of Ireland, and the country's mid-east regions made up 60.5 percent of all the new dwelling completions in the period.
More supplies of new dwellings are expected to slow down the soaring prices on the local rental market, said local watchers.
Average monthly rent for residential properties in Ireland went up 12.4 percent in the second quarter of this year compared with the same period last year, said Daft.ie, the largest property website in Ireland.
In Dublin, the rent shot up 13 percent to stand at nearly 2,000 euros(1,735 U.S. dollars) in the period, said the company in a recent rental market report.
The rapid rise of the rents was mainly due to the shortage of the supply on the country's property market, it said, adding that there were only 3,070 properties available to rent across the country at the beginning of this month.
