Various reports and targets have suggested anything from 33,000 a year to 85,000. Why the discrepancy?
About the only thing anyone can agree on in relation to how many houses Ireland needs to build is that the current Government target of 33,000 a year is outdated.
To decide how many houses Ireland needs, two things have to be counted in. The first is the likely increase in the population. The second is what allowance is made for the tens of thousands who want to buy a house, but currently cannot due to high prices and lack of supply. This has created a backlog of demand which needs to built into the figures and could only start to be closed over a period of years.
To come up with a final housing target, it is necessary to then add in the backlog which has emerged over recent years – including many people living at home who want to move out – and then calculate how many years it would take to deal with this through increased supply.
Sherry-Fitzgerald Bank-Of-Ireland Myhome-Ie Conall-Mac-Coille
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