Housing

Ireland likely to need between 56,000 and 74,000 new homes annually up to 2050

Ronan Lyons, the Trinity college economist, told a conference on Thursday that Ireland’s current housing targets are based on a low-migration scenario

Lagging supply, growing population and falling household sizes will drive Ireland’s housing requirements in the coming years, according to Ronan Lyons, the TCD economist.

Ireland is likely to require between 56,000 and 74,000 new homes every year until 2050, according to a leading economist.

Ronan Lyons, an assistant professor in economics at Trinity College, told a housing conference hosted on Thursday by Mason Hayes & Curran (MHC), the law firm, that while Ireland’s housing output has increased sixfold since 2015, it will need to double again to align with likely long-term housing targets.

The long-term requirements come as Ireland is ...