‘Little chance’ of achieving plan to build 300,000 new homes by 2030
Simon Harris had promised housing delivery would rise to 40,000 units last year, but that figure was nearly 10,000 above the numbers actually built. Photograph: Jonathan Porter/PressEyeThe company’s latest report on the construction sector here suggests housing delivery has stagnated well below government targets and will fail to reach the 33,000 level achieved in 2023 for at least another three years.
The other big theme is the fall-off in apartment construction, which fell from 12,000 units to 9,000 last year and which is expected to fall again this year. Foreign funds had been financing the State’s apartment boom, but higher interest rates have stalled that trend., applying it to tenancies rather than buildings, a move that could be, if undertaken, politically divisive given the existing pressure on renters.
Mitchell McDermott’s analysis suggests new home completions could be as low as 32,000 units this year, following 30,000 last year, and against a recent Central Bank prediction that housing supply would lift to 37,500, 41,000 and 43,500 units this year, next year and 2027 respectively.MOST READ
Mitchell-Mcdermott Housing-Crisis James-Browne Rent-Pressure-Zones Central-Bank
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Housing Crisis Deepens: Government Programme Offers Little HopeThe newly formed government's housing programme falls short of addressing Ireland's escalating housing crisis, failing to meet recommendations from its own Housing Commission and neglecting crucial actions proposed by homeless service providers.
Read more »
Labour and Social Democrats abdicated responsibility by not ‘fighting’ for power, Greens toldRoderic O’Gorman’s comments came as 300 Green Party delegates attended a convention in Dublin
Read more »
Concerns growing over future of BNY Mellon’s Wexford operationFacility employs 300 in town
Read more »
BYN Mellon announces closure of Wexford facilityMost of 300 employed in town will either have to relocate or be made redundant
Read more »
BNY Mellon announces closure of Wexford facilityMost of 300 employed in town will either have to relocate or be made redundant
Read more »
Stripe to Make 300 Staff RedundantStripe, the global payments platform, is planning to make 300 employees redundant in the coming months. The job cuts will affect roles across product, engineering, and operations teams in various locations. While the exact areas impacted remain unclear, Dublin is not expected to see a significant number of losses. Stripe, which currently employs around 8,500 people, anticipates its workforce to reach 10,000 by the end of the year.
Read more »