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  • Sherry FitzGerald call for more building to cater for future needs
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Sep 12, 2013 - 14:46

Sherry FitzGerald call for more building to cater for future needs

The MyHome Newsdesk
By The MyHome Newsdesk
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Sherry FitzGerald call for more building to cater for future needs

The chief economist with Sherry FitzGerald auctioneers claims plans need to be made for the future to accommodate a growing population.

Marian Finnegan said there has been drop in the number of retail units available for sale, which is putting pressure on potential buyers and pushing prices up as a result.

"We need to start planning for the future. We've been talking about this for some time now, and obviously, during a recession, no-one wants to think about building property. But that's what we need to be planning, at least," she said.

"For the last five years, the population has grown by about 8%, and an awful lot of that population growth went into the urban areas … yet we've been building next to nothing in terms of housing units."

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She said the resulting scarcity was increasing both rent and buying prices in the capital.

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  • Tags
  • building
  • economist
  • housing
  • housing units
  • Marian Finnegan
  • rent
  • Sherry FitzGerald
The MyHome Newsdesk
By The MyHome Newsdesk
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