IBF warns against housing shortages in certain areas

A new monitor of housing market activity, published today by the Irish Banking Federation (IBF), points to the need to ensure that a housing supply shortage does not arise in certain areas.

It also indicates what the future requirement for first-time buyer mortgages might be in light of household formation.

The IBF Housing Market Monitor draws on various published data on the residential housing market in order to provide a composite analysis on where the market is today and where it may be going.

IBF Chief Executive, Pat Farrell, states: “While each piece of existing data is significant in itself, there is added value in looking at all of this data together to see what it is telling us in overall terms about the housing market.

“We believe this will make an important contribution to policy formation and debate about the future housing market in Ireland.”

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