Drop in vacancy rate puts pressure on housing market, new report suggests   

The tight market has driven the national residential vacancy rate to drop just under 4% in June

GeoDirectory report shows that almost 27,000 new residential address points were added to its database in a year. Stock picture

The national vacancy rate of housing stock has dropped but the number of new residential address points has also decreased, suggesting that the country is running out of available homes.

A report by GeoDirectory shows the number of new residential addresses on the database fell 22% in a year, meaning 7,402 fewer houses were added in the last year.