ESRI: Housing crisis will continue for years

The housing crisis is set to go on for years because not enough homes will be built, a leading think-tank warned yesterday.

The Economic and Social Research Institute (ESRI) said 25,000 houses will have to be built every year to meet growing levels of demand, but the country is nowhere near those levels.

The total of new builds for this year is expected to be around 12,000 and the ESRI has suggested the necessary target won’t be met for at least another three years.