New home starts on rise as buyer demand soars

While new homes starts are thankfully on the increase, the market once again is very short of stock across the board at a time of huge demand, writes Tommy Barker, Property Editor

Proposed public space at Cork Docklands. Up to €2.5 billion is set to be invested transforming Cork city, with significant investment in housing, sustainable transport, parks, public spaces and climate resilience over the next five years.

Home hunters face another tough year in 2024 – supply of both new and second-hand homes of all types and sizes is well below what is needed.

And the moderation seen in price growth last year is expected to continue in 2024, albeit with average price rise likely to continue in the low single digit price range – variously put at between 1 and 4% price growth by various analysts, depending on location and house type and condition.