Demand For Houses Still Outstripping Supply

Rebecca O'Connor
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Demand for homes is still outstripping supply.

A new national report claims there were less than 7,500 residential buildings under construction during the month of December.

While it has also come to light that new builds accounted for less than a fifth of all sales this year.

The situation is worst in County Leitrim where only 74 extra properties were added to the housing stock.

The stats are included on the country’s official property database ‘GeoDirectory.ie‘.

GeoDirectory CEO Dara Keogh says: “It feels like there’s a whole load of people who have been holding back but are now pushing in to the market” which he adds is ‘of course going to push prices up’.

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