Housing boss: Building may 'never outstrip demand'

Housing boss: Building may 'never outstrip demand'
Justin Bickle, Glenveagh Properties chief executive, with John Mulcahy, executive chairman and chief operating officer Stephen Garvey Pic: Fergal Phillips

Glenveagh plans to more than double its sales this year

The supply of new homes may barely climb above 20,000 this year, according to one of the country’s biggest housebuilders.

Glenveagh Properties co-founder and chief operating officer Stephen Garvey told journalists that the state may not reach the requirement of 35,000 new homes every year, which is double what was built across in 2018.

“I think it is going to take time for the market to get there. You question whether the market will ever get there....

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