IDEAS home Printed from https://ideas.repec.org/p/cbi/ecolet/14-el-19.html
   My bibliography  Save this paper

Population Change and Housing Demand in Ireland

Author

Listed:
  • Conefrey, Thomas

    (Central Bank of Ireland)

  • Staunton, David

    (Central Bank of Ireland)

Abstract

Changes in population and household formation have important implications for the demand for housing, but their precise future paths are uncertain. Using the most up-to-date population projections from the CSO, this Economic Letter estimates scenarios for long-run housing demand in Ireland. We find that – assuming no change in household formation rates (headship) from current levels – an average of around 34,000 new dwellings would be required each year out to 2030 to keep pace with the projected growth in the population. Recent observed levels of residential completions are well below both current and future estimated demand, implying a need for further expansion in the supply of new dwellings.

Suggested Citation

  • Conefrey, Thomas & Staunton, David, 2019. "Population Change and Housing Demand in Ireland," Economic Letters 14/EL/19, Central Bank of Ireland.
    • Handle: RePEc:cbi:ecolet:14/el/19
    as

    Download full text from publisher

    File URL: https://centralbank.ie/docs/default-source/publications/economic-letters/vol-2019-no-14-population-change-and-housing-demand-in-ireland-(conefrey-and-staunton).pdf?sfvrsn=4
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. McGinnity, Frances & Russell, Helen & Privalko, Ivan & Enright, Shannen & O'Brien, Doireann, 2021. "Monitoring adequate housing in Ireland," Research Series, Economic and Social Research Institute (ESRI), number BKMNEXT413, June.
    2. Roantree, Barra & Barrett, Michelle & Redmond, Paul, 2022. "Poverty, income inequality and living standards in Ireland: 2nd annual report," Research Series, Economic and Social Research Institute (ESRI), number JR1, June.
    3. Roantree, Barra & Doorley, Karina, 2023. "Poverty, income inequality and living standards in Ireland: Third annual report," Research Series, Economic and Social Research Institute (ESRI), number JR4, June.
    4. McQuinn, Kieran, 2020. "Property prices and Covid-19 related administrative closures: What are the implications?," Papers WP661, Economic and Social Research Institute (ESRI).
    5. Bergin, Adele & Garcia-Rodriguez, Abian, 2020. "Regional demographics and structural housing demand at a county Level," Research Series, Economic and Social Research Institute (ESRI), number RS111, June.
    6. Egan, Paul & Bergin, Adele, 2023. "The impact of government spending on Ireland’s housing and residential market – Targeted vs economy-wide stimulus," Journal of Policy Modeling, Elsevier, vol. 45(3), pages 552-569.

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cbi:ecolet:14/el/19. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Fiona Farrelly (email available below). General contact details of provider: https://edirc.repec.org/data/cbigvie.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.