“We can no longer describe this as a housing crisis, it is a housing emergency and needs to be treated as such,” Ms Finnegan said. “The Government successfully steered the country through the Covid emergency, we now need the same approach to the housing emergency,” she said.
“Today the market requires over 52,000 residential units to be built, each year to meet demand. This needs to accepted and planned for immediately, because if not this emergency has the potential to truly damage our economic success,” she said.Also speaking at the conference was the chief executive of home-building firm Glenveagh, Stephen Garvey, who said the single biggest obstacle to his company’s objective of building 3,000 homes a year was planning policy and the planning system.
He said planning policy was making the housing crisis worse “because it’s stopping viability and making affordability worse”.
Wait it went down over 10 years? Jesus, that’s bad. I guess that’s what happens post 2008 when you pretty much put an end to banking / residential properties development industries. People got so angry at “the bankers” that they broke the system of production
IrishTimes Census figures, PRTB returns, tax returns, hap payments, PPS No. registrations. Statistics galore, either this problem not foreseen or it’s not seen as a problem. It does not give any confidence that housing will be resolved soon. Many will emigrate and that’ll be a big loss.
IrishTimes So, what happens to these homes? Do they get taken out of the market or sold to owner occupiers?