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Taoiseach indicates four years overhang of housing on market

Amhran Nua · 2010-01-04 14:07:16

I found an interesting snippet from a semi related article, it appears An Taoiseach feels there is enough on the market now to feed demand for at least four years. So have we finally pinned down non-investor demand in Ireland, as well as the level of housing in the overhang, or at least what the government thinks it is?

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04-01-2010 3:07pm

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Amhran Nua

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I found an interesting snippet from a semi related article, it appears An Taoiseach feels there is enough on the market now to feed demand for at least four years.

Mr Cowen indicated that the Government had no plans to stimulate the property market, as it had sought to do for the retail sector and motor industry in the Budget.He said: "People are chasing value. I mean, you've up to 100,000 houses in this country, between those newly built, in construction and second-hand houses, coming on to the market. The supply is about four times the demand. So people are looking for value. That's a market issue."

So have we finally pinned down non-investor demand in Ireland, as well as the level of housing in the overhang, or at least what the government thinks it is?

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