Ibec urges action on affordability as house demand hits 'unprecedented' levels

Business group's survey reveals that people are unable to find or afford a place to live — and it is harming the economy

Ibec has called for "a renewed effort" to tackle rising housing affordability and supply issues.

Housing demand has reached “unprecedented” levels, with “a renewed national effort” now needed to tackle affordability and supply issues, business group Ibec has warned.

Against a backdrop of increasing house prices and a slowdown in supply, Ibec said the Government needs to do more to address the housing crisis. It said Ireland is facing into an extended period of housing supply and demand imbalance.