Department responds to Davy estimate of need for up to 93,000 new homes a year
this week predicted the State would need up to 93,000 new homes a year by 2031 to tackle the chronic shortage.“Importantly, the target of 303,000 homes is not a ceiling. The crucial issue is that, ultimately, delivery meets demand,” the department said, adding that the Government will revise its targets from 2028 if demand requires it.
Davy says State needs 93,000 homes a year as SCSI says now is the time to invest in infrastructure“There is an existing substantial pipeline of social housing at various stages of progression,” a statement noted. Davy analysts believe there will be a sharp increase in building in 2025 and 2026 as Government incentives boosted the number of homes on which builders began work last year. Temporary waivers on water connections and levies paid to local councils could increase new home completions to 42,000 this year and 50,000 in 2026. This shortage was spread around the State. Dublin and Munster needed 60,000 dwellings each. Leinster, excluding Dublin, was 70,000 down, while the shortage in Connacht was 24,000. The firm’s report estimates that the Republic will need up to 93,000 new dwellings a year by 2031 when, it predicts, the population will hit six million. The Department of Housing stressed its focus was on ensuring that supply met demand, adding that Government’s targets were “ambitious and credible”.MOST READShock and upset at death of couple in Kerry expressed by former colleagues of ‘brilliant, bright’ Hazel ByrneRestaurant review: This neighbourhood Indian spot has the potential to become a foodie destinationTrump’s Gaza plan: Israeli comments on Ireland ‘provocative’ and a ‘distraction’, says GovernmentAnna Foster makes strong start to Ladies European Tour career in Morocco
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