New homes supply only likely to start meeting demand by 2021, says Irish banking group

Housing supply has increased but will take to 2021 before coming anywhere to tackling pent-up demand, according to the business group that represents Irish banks and mortgage lenders.

In the report, the Banking and Payments Federation Ireland’s chief economist Ali Ugur said it will take three more years before new housing completions rise and even then pent-up demand may unlikely be sated.