Property group expects only 11,000 new houses to be completed this year

Property Industry Ireland says demand will continue to outstrip supply

22nd June, 2016
PII expects 11,000 new homes to be completed this year

The latest edition of Property Watch, published by Property Industry Ireland (PII), found there were more than 2,000 housing starts in the first quarter of the year, an increase of 57 per cent year-on-year, but of these 38 per cent were one-offs while Dublin accounted for only a third.

"This share will need to increase significantly over the coming quarters if the pent-up demand in the Dublin area and the growth in employment is to be accommodated," Annette...

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