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Ireland short 100,000 homes as ‘baby boom’ fuels huge demand

Ireland is short of more than 100,000 homes as strong population growth has sparked a boom in demand.

‘The CSO forecasts the Irish population will increase from 4.8million in 2016 to 5.8million in 2036. This equates to over a million more people in the State and demand for approximately 37,000 residential units per annum out to 2036.’

While Dublin remains the most populated region, current forecasts suggest that the growth in population in the Mid-East region will outpace that of the city itself by 2036.

Dublin’s population is forecast to grow by 242,500 while the population of Kildare, Meath and Wicklow will rise by 279,400 by 2036. This will lead to an annual housing demand of 9,100 and 7,500 units respectively over the period to 2036.

Read full article: Extra.ie

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