The market is moving slowly in the right direction

Although the level of new development this year failed to meet market needs, and the dearth of private rental accommodation continued, progress has been made on rebuilding a viable housing market

The past year was, in many ways, an interesting but exasperating one to work in the Irish residential market. On one level, we saw a strong economy continue to emerge, employment levels were growing, and consumer confidence and consumer spending were both expanding. Secondly, the preliminary population figures released during the year showed that the population of Ireland had grown by more than any forecast has predicted.

As such, we had the demographic ...