Irish stockbroking firm Davy has issued a revised forecast for the country’s housing sector, predicting a persistent shortfall in new builds until 2035. This comes as the firm lowers its expectations for housing completions in 2026.
The adjustment reflects ongoing challenges in the housing market, where demand continues to outstrip supply. Davy’s latest analysis suggests that the pace of new construction is insufficient to meet the growing needs of the population.
These projections underscore the need for strategic interventions to address the housing crisis. With completions falling short of previous estimates, the pressure on the housing market is likely to remain a significant concern for policymakers and stakeholders.
While efforts are underway to boost housing development, Davy’s forecast highlights the long-term nature of the challenges faced by the sector. Without substantial increases in construction activity, the shortfall is expected to persist for nearly a decade.
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