New property developments need to reflect the type of buyer demand more closely, Initiative Ireland warns.
Analysis by the Irish peer-to-peer property lending platform found there is a 52 per cent shortfall in housing supply relative to demand.
Its new report found lower-income families remain locked out of the property market, especially within the Dublin area where households on the average income of €65,400 (£55,680) accessed fewer than seven per cent of new homes built and 8.5 per cent of existing stock.
Homebuyers have also gone from accounting for 62 per cent of sales to 54 per cent over the past five years, the platform claims, with increasing sales to institutional buyers…
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