Housing demand is not expected to peak until the early 2030s, the Department of Finance has said. Photograph: Alan Betson
Ireland’s housing crisis is likely to persist for at least another 15 years, according to the Department of Finance.
Housing demand is not expected to peak until the early 2030s, it said, with “pent-up demand” not fully eliminated until at least 2040.
The grim analysis was contained in Future Forty: A Fiscal and Economic Outlook to 2065, the department’s assessment of the economic and fiscal challenges facing the State between now and 2065.
The department based its estimate of future housing demand on current demographic trends, the growing
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