House prices to rise amid shortage

21,000 target for new homes for this year In 2014 just over 11,000 new homes became available.

The failure to reach the Housing Agency’s target of 21,000 new homes this year will mean prices and rents will continue to rise, Property Industry Ireland has warned.

The latest report from the Housing Agency points out that 20,196 homes are needed each year between now and 2017 to meet demand.