Demand for all types of new homes at 47,000 a year 'needs Government rental focus'

Population growth and net migration alone require 30,000 new homes to be built each year, while falling household size and obsolescence of existing housing stock brings the total demand for new units to 47,000, according to a new report. Picture: File picture/Pexels

Demand for all types of new housing is running at 47,000 a year and can be met by the Government funding initiatives for the private rental and social rental parts of the housing market. 

The report by Ronan Lyons of Identity Consulting, who is also assistant economics professor at TCD, was commissioned by industry group Irish Institutional Property.