'House prices unlikely to drop for at least another decade'

Oireachtas housing committee is also warned that in future decades there may not be enough people working to cover the pensions of Ireland's growing proportion of retired people 
'House prices unlikely to drop for at least another decade'

A principal officer with the Department of Finance warned the Oireachtas housing committee that it will be the late 2030s at least before supply meets demand. Stock picture: Steve Parsons/PA 

House prices in Ireland are unlikely to drop for at least another 10 years given the lack of supply of homes, an Oireachtas committee has been told.

The Oireachtas housing committee heard that, at the current rates of housing delivery, it would be the late 2030s at least before supply would meet demand.

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