The Irish residential property market continues to be characterised by a mismatch between supply and demand. Based on underlying demographics, the economy needs at least 30,000 new units per annum. Given that new supply has been running well below this level over the past decade, it means that significantly more than 30,000 units need to be built on an annual basis to satisfy yearly demand as well as the pent-up demand that has been accumulating over recent years..............