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Majority of new home schemes delayed by up to six months by Covid-19 lockdowns Knight Frank report finds developers having greater difficulty sourcing skilled workers
about 2 hours ago Joan Henry
While some 35,000 new homes are required to meet current annual demand, just 20,676 were completed in 2020.
As with other sectors, the new homes market has been adversely affected by the pandemic lockdowns.
The latest one will begin to lift on April 12th allowing developers to get back on site.
The demand for housing, which was already considerably in excess of annual supply delivery, has intensified in the last year. Key historical drivers of demand such as population growth, which has been the engine of demand in Ireland for the last decade, have been compounded by increased momentum from buyers whose jobs in sectors such as technology, media and telecom