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Housing crisis here to stay in absence of big rethink, industry warns

The housing crisis will be a “permanent issue in Irish society” unless there is a radical rethink on how to deliver more affordable homes, industry body Irish Institutional Property (IIP) has warned.

In a report, the group which represents large property developers warns that the supply of new homes is grossly out-of-kilter with demand and that this mismatch is “intrinsically linked” to affordability.

As many as 47,000 homes will have to be built each year for the next five years just to meet demand, it says, while noting that the Government’s target in Project Ireland 2040 is just 25,000.

It estimates that Dublin alone needs an additional 125,000 apartments to meet demand.

“The overall need for housing is greater than current levels of output and the targets set in national plans,” the report says.

Read the full details in the Irish Times

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