Only 11k new houses due this year

Only 11,000 new housing completions are expected this year — as housing demand continues to outstrip supply.

According to a new report by Property Industry Ireland (PII) — the Ibec group representing businesses working in the property and construction sector — there was just over 2,000 housing starts in the first quarter of this year, of which 38% were one-offs.

The total level of housebuilding is forecast at 11,000 units in 2016.