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House building will not meet demand till 2020

beauf · 2016-10-26 10:38:31

http://www.thejournal.ie/house-building-supply-ireland-2-3045367-Oct2016/ Obviously these figures will change as economy picks up. I thought this bit was interesting.

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26-10-2016 11:38am

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beauf

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http://www.thejournal.ie/house-building-supply-ireland-2-3045367-Oct2016/

Obviously these figures will change as economy picks up. I thought this bit was interesting.

It added: “Ireland’s housing market remains highly illiquid. In the UK, housing market transactions in 2015 equalled 1.2 million, accounting for 4.3% of the housing stock. So the average home is sold once every 23 years.
“However, in Ireland, transactions comprised just 2.4% of the housing stock, suggesting that at current rates the average home is being sold just once every 40 years.”

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