Apr 2010

Irish housing stock update

Just a quickie. In my recent post (The next great wave of Irish emigration) about the collapse of the Irish property market and the mountain of debt it has created for us all, I suggested that there’s “an estimated quarter of a million newly built houses and apartments standing empty”. I must apologise as my estimate was somewhere between 20% and 40% out. It turns out, according to the most recent data, that in fact the number is “believed to be between 352,414 and 301,682”.

That’s a whole lot of vacant houses for a nation of 4.4 million.

Posted in: Opinion