Banking group sees significant increase in new home starts amid strong demand                  

Banking and Payments Federation Ireland has said 22,000 new homes will likely be built this year

The building of 27,300 new units got underway in the 12 months to the end of June.

Recovery for the construction industry from the Covid-19 crisis will lead to a significant increase in the building of new homes, as demand remains elevated, the Banking and Payments Federation Ireland has said. 

The banking industry group said 22,000 new homes will likely be built this year and predicts a sharp increase is in the pipeline based on figures that the building of 27,300 new units got underway in the 12 months to the end of June.