35,000 to 53,000 additional homes will be required yearly depending on scenarios for population increase, according to a recent ESRI analysis, reports RTE.
Many people believe that it’s because of the thousands of migrants that continue to flood the country.
This paper examines several projections on patterns of international migration as well as population levels and corresponding housing requirements using data from censuses and studies.
The Department of Housing and Local Government provided funding for the study, which ignores the present housing scarcity.
It examines twelve alternative scenarios for Ireland’s population increase in the upcoming years, reports RTE.
The “baseline” scenario, which predicts a 516,000 rise in population by 2030, states that the annual housing demand between 2023 and 2030 would be between 38,000 and 50,000 units.
The main cause of Ireland’s population increase, according to the report’s authors, is international migration, which would cause the projection to drop to between 35,000 and 47,000 units annually under a low migration scenario.
The number of houses in Ireland rises from 41,000 to 53,000 annually during periods of strong migration.
A scenario with significant levels of international migration will see population growth of 1.2% year on average, reaching 6.3 million by 2040, reports RTE.
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