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12/05/2015

Ireland Needs To Build More Homes To Meet Its Demographic Needs

Ireland needs to build 25,000 housing units every year to meet its demographic needs, according to Government, the Central Bank and the ESRI.

In 2014 only 11,016 housing units were built throughout the Republic of Ireland.

This Construction Industry Fedeartion (CIF) infographic shows that most counties experienced an increase in house building activity last year. The largest increase in activity was centred in Dublin, where 3,268 housing units were completed. This is up 140% from the 1,360 housing units built in 2013. It is estimated that Dublin requires approximately 7,000 to 8,000 houses each year.

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The largest decrease in house building activity was in Limerick, which recorded a decrease of 21% to 270 units. Kerry, Wicklow, Sligo, Leitrim and Monaghan also experienced a drop in house building activity.

Despite the increase in overall house completion levels, 2014 was still the 4th lowest year of house completions on record. The records began in 1970 when the country's population was approximately 3 million people. By 2014 it is estimated the total population stood at over 4.5 million, which represents an increase of 1.5 million or people or approximately 50% population growth.

www.cif.ie

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