The Covid-19 economic shockwaves will mean house builds will fall far short of what is required this year and next, storing up more problems for prices and rents in an already dysfunctional property market, the Economic and Social Research Institute (ESRI) has warned.

The Covid-19 economic shock waves will mean new house builds will fall far short of what is required this year and next year, storing up further problems in terms of prices and rents in an already dysfunctional Irish property market, the Economic and Social Research Institute has warned.