Estate agents argue that lack of supply will continue to be an issue until at least 40,000 homes a year are built
Lack of supply will remain the dominant issue in house prices until annual completion levels are ramped up to 40,000-plus, estate agents say. Photograph: iStockAs the group representing estate agents and surveyors upgraded expectations on 2025 property prices inflation to 5.7 per cent, from 4.5 per cent six months ago, the majority citing lack of supply as the main factor.
‘Rome is a fantastic city to live in, but it’s very complicated. It’s a mess of a place. Madrid is clean.
“While Dublin is not included in the scenarios, based on house prices in the capital, it’s clear they are not affordable based on the income thresholds within the study,” he said. “It’s also clear that unaffordability is restricting employment opportunities for many newly qualified professionals with many job vacancies remaining unfilled, particularly in education and health.”
“In addition, the introduction of higher densities, and a more broadly integrated housing mix which better reflects the needs of modern Irish society will be required if we are to address the housing supply crisis.”
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