Davy Research

Irish economy

New migration estimates support our view on housing demand

DAVY VIEW

As we expected, today’s population and migration estimates reveal that migration trends were more positive than previously estimated between 2011 and 2016, while the new 2017 estimates show a sharp upturn in net migration to 19,800. This supports our view that the labour market has plenty of slack remaining as participation increases and housing demand will be much stronger than previously thought in the coming years.

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