Submission statement: it’s about housing. Despite years of policy flip-flopping, a decade of some of the most stringent rent controls in Europe and poor sector productivity, Ireland’s homebuilding continues apace as it races to make up for post-GFC undersupply and a rapidly rising population.
> According to the report, produced by Goodbody for housing developer Glenveagh, Ireland is producing 7.2 homes per 1,000 people which is more than double the average across Europe of three per 1,000 people — Portugal is the nearest at 5.8 per 1,000.
> The rate of development is also three times that of the UK.
> “Euroconstruct projections suggest that Ireland will maintain this position in both 2027 and 2028, with output rising to 7.7 and 8.3 units per 1000 of the population respectively in these years,” the report said.
> However, the report said the challenge of the housing sector is “not principally one of a failure to build today” but rather “it is the cumulative consequence of more than a decade of insufficient supply, both private and public, occurring at the same time as exceptionally strong demographic growth”.
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Submission statement: it’s about housing. Despite years of policy flip-flopping, a decade of some of the most stringent rent controls in Europe and poor sector productivity, Ireland’s homebuilding continues apace as it races to make up for post-GFC undersupply and a rapidly rising population.
> According to the report, produced by Goodbody for housing developer Glenveagh, Ireland is producing 7.2 homes per 1,000 people which is more than double the average across Europe of three per 1,000 people — Portugal is the nearest at 5.8 per 1,000.
> The rate of development is also three times that of the UK.
> “Euroconstruct projections suggest that Ireland will maintain this position in both 2027 and 2028, with output rising to 7.7 and 8.3 units per 1000 of the population respectively in these years,” the report said.
> However, the report said the challenge of the housing sector is “not principally one of a failure to build today” but rather “it is the cumulative consequence of more than a decade of insufficient supply, both private and public, occurring at the same time as exceptionally strong demographic growth”.
https://archive.is/RhTCd