Meeting Ireland’s housing needs will require capital financing to rise from €13 billion in 2024 to €41 billion by 2031
Ireland has the capabilities, the skills and the ambition required to solve the housing crisis. Our problems do not stem from a lack of capital as such but from the regulatory environment we have created, which has driven away international capital. We have made progress over the past few months with changes to rent regulations and taxation, but we have more to do.
Despite a strong economy and near-full employment, we can’t satisfy existing demand for homes nor keep up with the continued growth in demand.
So why aren’t we building more homes?
There are many reasons, including a shortfall of zoned land and an unreliable planning system. But viability is also a huge challenge, especially for apartments, where construction costs often exceed achievable sale prices.
And to reach housing targets, apartments are es
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