Only 13,000 new homes were built in the 12 months to July, far below what is needed to tackle the Republic’s housing shortage, new figures have shown
The State’s Geodirectory database showed that there were 2,008,568 homes in the Republic in July, and that 13,062 had been added over the previous 12 months.
Research by the organisation indicates that construction levels are still too low to match demand. Geodirectory says that data from the Property Price Register and Central Statistics’ Office support this.
The report, commissioned by Geodirectory from DKM Economic Consultants, shows that 45,138 homes were sold during the 12 months to last June, almost 90 per cent of them were second hand.