Brendan Burgess
Founder
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Article in today's Irish Times by John Fitzgerald
http://www.irishtimes.com/business/...lure-to-plan-for-growing-population-1.2021713
After the housing bubble burst, there were bust developers and banks, a collapse in house and site values, empty homes and ghost estates. So building stopped dead and emerging housing needs were ignored.
However, throughout the crisis, the population continued to rise, particularly those aged 30-40, in spite of emigration. At the same time, a depleted older generation – a legacy of heavy emigration in earlier times – meant few homes becoming vacant from deaths. The seeds of an emerging shortage were there.
For the next decade the rising population will require about 25,000 new homes each year.
This is the bit I don't understand - "25,000 new homes each year". Surely there is a deficit of 150,000 homes now and they need to be built as quickly as possible.
Brendan
http://www.irishtimes.com/business/...lure-to-plan-for-growing-population-1.2021713
After the housing bubble burst, there were bust developers and banks, a collapse in house and site values, empty homes and ghost estates. So building stopped dead and emerging housing needs were ignored.
However, throughout the crisis, the population continued to rise, particularly those aged 30-40, in spite of emigration. At the same time, a depleted older generation – a legacy of heavy emigration in earlier times – meant few homes becoming vacant from deaths. The seeds of an emerging shortage were there.
For the next decade the rising population will require about 25,000 new homes each year.
This is the bit I don't understand - "25,000 new homes each year". Surely there is a deficit of 150,000 homes now and they need to be built as quickly as possible.
Brendan