Wednesday November 25, 2020

Is pressure on housing even greater than feared?

New research suggests strong pent-up demand after post-crisis pause

11th April, 2017
70,000 may be ready to but a home. Pic: RollingNews.ie

KBC Bank Ireland’s homebuyer sentiment survey finds that 28 per cent of those surveyed are at least considering buying a home in the next two years, with around half of these already planning their purchase.

According to KBC, this suggests that there are around 70,000 people able and willing to buy a home. As there were just under 48,000 housing transactions in 2016, the bank says its research points to a continuing excess of demand over supply.

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