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Statement from The Housing Agency Responding to the figures and commentary by the ESRI

Statement from The Housing Agency Responding to the figures and commentary by the ESRI
06 Aug 2014

Wednesday 6th August 2014: The Housing Agency, the Government’s advisory body on housing, has re-iterated its forecast that a minimum of 79,660 residential units are required in urban areas to support Ireland’s population over the next five years.

The Housing Agency’s recent detailed analysis focused on urban centres in each county, using CSO statistics, projected population trends, and the rate of vacant dwellings in each location to provide an in-depth projection of housing needs.

            “Our research is based on where the population will require housing in urban centres as opposed to a county-wide level as the ESRI have done,” said John O’Connor, CEO of the Housing Agency.  “Take for example an urban centre such as Cork City.  We looked at the potential demand for housing in Cork City and we factored in the present vacancy rates in Cork City to generate the projected housing requirement in Cork City. Vacant housing in other parts of County Cork such as Bantry will not address the requirement in Cork City.  The ESRI research focuses on the entire county, and offsets demand in Cork City against vacancy rates in Bantry.  This does not provide a clear picture of the housing need for Cork City.”

The Housing Agency’s report, Housing Supply Requirements in Ireland’s Urban Settlements 2014 – 2018 can be downloaded from the website

The Housing Agency report forecasts that 47% of the total supply (37,581) is required in the Dublin region, with 5,663 housing units required in 2014 which rises to an annual requirement of 8,970 in 2018.  Outside of Dublin, the study identifies varying requirements in other cities. Cork City and suburbs will see a yearly demand rising to 1,469 units by 2018. In Galway and Limerick, both cities will experience a shortfall in housing requirements in 2015 but will require a total of 2,316 and 2,635 units respectively over the subsequent years to 2018.

The study also considered household sizes into the future in the Dublin region and found that over the next four years, 57% of new households will be 1 or 2 persons with a further 18% will be 3 person households. Three quarters of all households over the period to 2018 will be for three people or less.