Sunday, July 1, 2007

The Irish Housing Stock: Growth in Number of Vacant Dwellings

The Irish Housing Stock: Growth in Number of Vacant Dwellings
John Fitz Gerald

This article assembles data from a range of different sources to build up a picture of the stock of vacant or second dwellings in Ireland today and how that stock has changed over time. It also considers the regional distribution of these dwellings.

The construction of dwellings now accounts for an eighth of the output of the Irish economy. Even in terms of its impact on domestic demand and employment, the prospects for this sector are very important to the overall well-being of the economy. However, the housing market can also have a very important impact on the wider economy through the effects of changes in personal wealth, which the housing stock represents.

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