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Report: 50,000 New Homes Needed, Annually, For The Next 30 Years.

Stock image: Pexels

Study conducted by Ronan Lyons & Irish Institutional Property

The State needs to build 50,000 homes every year for the next 30 years to meet demand, a new report claims.

The analysis by property economist Ronan Lyons and Irish Institutional Property says building on this scale would require an annual capital investment of 16 billion euro.

The figure is significantly higher than the Government's existing annual target of delivering 35 thousand houses per year.

Report author Ronan Lyons says bringing vacant homes back into use wouldn't go far to address the crisis

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