Cork home construction far from meeting annual housing demand

Construction began on just 658 new homes in the first nine months of this year in Cork city and county, even though the region requires 2,500 units annually to meet demand.

The Construction Industry Federation (CIF) said that, of the total, 346 were one-off, meaning they will not reach the open market.

CIF regional director Conor O’Connell said a 13.5% rise in rental prices illustrated the crisis in the Cork region in relation to housing supply.