News — lags behind demand

Construction of new homes rises but still lags behind demand The volume of new homes built in the Republic is continuing to increase but still remains far below the level of demand, figures from the Central Statistics Office (CSO) show. So far this year 12,582 new properties have been built, an increase of 27.7 per cent on the first nine months of 2017 when 9,856 properties were completed. Although the trend is positive, the total is considerably lower than the estimated 30,000 homes needed every year to service demand in the property market. However, Davy economist Conall Mac Coille estimates...