Ireland has five years of housing stock but it’s unevenly spread

Some parts of the country only have enough housing stock to satisfy demand for just over a year while others have enough for the next 10 years.

The latest property report from NCB Stockbrokers says that across the country, it would take just over five-and-a-half years to clear the excess stock. It estimates that while property prices are down an average of 49% from their peak, it still sees those prices as “somewhere between fairly valued and 25% overvalued”.

Regarding available properties, the researchers looked at how long the stock would last, assuming standard vacancy rates of either 8% or 6%.