The Irish Independent article The next generation of designers is going to need to know how to build a house, as the country’s future population is set to boom.
In a recent report, a research group from the University of Dublin found that the population growth rate will be three times that of Australia over the next 25 years.
The report, titled How do we build a family?
by the University’s Urban Design Research Centre, examined how homes will be built in 2040 in cities across the country.
The average house price will increase by about $600,000, while the average annual salary for a young professional will increase from $57,500 to $88,000.
The median house price in the Dublin area is currently $1.5 million, which will increase to $2.8 million in 2034, and $3.4 million in the north of the country by 2038.
The majority of houses will be made of stone and brick, with more than 90 per cent of houses expected to be built on sites with low-density housing.
In comparison, Australia has around 40 per cent less housing than Ireland, but around 80 per cent more homes.
In 2040, there will be about 100,000 fewer houses per capita than there are people in Ireland.
The University’s research suggests that Ireland’s population will reach around 3.5 billion by 2040.
However, as Ireland grows more affluent, that number will decrease.
“In Ireland, there are some very large households that are really big in terms of income.
It means that the number of people that are living in a home is going up,” says Professor Michael Donnelly from the Centre for Urban Development and Urban Design at the University.
“There are a lot of big estates that are being built in Dublin and they are going to become much larger.”
The study said the average household size will increase about 25 per cent over the 25 years to 2040 because of the increase in housing stock.
The researchers estimate that there will still be around 2 million households in the city by 2035.
The rise in the number is expected to make Dublin the countrys largest city by area.
Dublin is also likely to become Ireland’s biggest city by population, with a population of 1.6 million by 2036.