Drop in young adults will hit housing needs

A large decline in the number of young Irish adults is likely to have a huge impact on future housing needs, according to a leading estate agency.

Savills claims recent demographic shifts mean the demand for new apartment developments will be limited in many locations around Ireland.

It believes a 23% decline in the number of 20-somethings — rising to a 26% decline in Dublin — will see a reduced need for apartments and smaller living units.