The publication of the National Housing Statement has been described as 'important' by the Society of Chartered Surveyors Ireland (SCSI).
Published by the Housing Agency, the SCSI said the statement 'underlined' the need for accurate market data and analysis on housing needs to inform policy.
Key findings of the report include:
• Demand for housing will continue to increase in accordance with population trends and a reduction in household sizes.
• Supply of new housing needs to increase to meet demand.
• 21,000 new units per annum for next 3 years.
• Affordability is an issue for households in greater Dublin area.
Conor O'Donovan, Policy Director with the SCSI, said: "The national statement published by the Housing Agency is a very welcome publication and provides important analysis on the needs of the housing sector.
"The housing market is a complex one and positive progress has been made to improve the availability of finance, to speed up planning and the Urban Regeneration and Housing Bill, which is due to be commenced soon, will reduce construction costs such as development levies and part V obligations and improve overall viability.
"We now need to ensure that these initiatives are quickly implemented to ensure that developments can move ahead and that the right type of housing is built in the right location based on accurate data."
(LM)
Time and date
CONSTRUCTION DIRECTORY
Latest Construction News
23/04/2024
The Government has announced funding of €40 million to repair and improve non-public rural roads and laneways under the Local Improvement Scheme (LIS). This investment highlights the Minister for Rural and Community Development's commitment to vital road infrastructure in rural Ireland, providing ...
23/04/2024
GRAHAM'S Building North team welcomed Northern Ireland's Minister for Education, Paul Givan, and a variety of guests and local dignitaries to the development of the new High School Campus at Downpatrick. The group including local press agencies, received a detailed presentation on the development, ...
23/04/2024
Leading paving and building products manufacturer, AG, has made a series of substantial investments totalling over £5.4 million to enhance its manufacturing facilities. The latest upgrades, exceeding £400k will boost production efficiency to help meet soaring demand for AG’s hard landscaping and ...
23/04/2024
Galway County Council has adopted the Vacant Homes Action Plan 2024-2029 in order to tackle the vacancy rate in the county. In June 2023, the residential vacancy rate in Ireland's second largest county stood at 6.0 percent, ranking it third highest in the country, while the national average was ...
23/04/2024
Bespoke joinery and interior fit-out company, Mivan, has recognised its role in tackling climate change as it makes moves to reduce its plastic usage. In celebration of World Earth Day yesterday (22 April 2024) which had the theme of 'Planet vs Plastics', Mivan revealed that it is committed to ...
23/04/2024
DAERA Minister, Andrew Muir, has called for urgent action to tackle the twin crises of biodiversity loss and climate change. The Minister made the comments as he launched two consultations seeking views on two proposals aimed at improving protection of our marine environment. The development of ...
23/04/2024
NI construction firm, Farrans, has completed works on a luxury 20-storey student residential scheme in Leeds city centre for client Infinity Construction Enterprise Limited which is part of the YPP Group. The Live Oasis St Albans Place development offers 212 studio apartments, complete with ...
23/04/2024
Dublin City Council has announced that Francis Haughey Building Contractors have begun work on the Iveagh Markets. The works which are expected to take eight weeks to complete include the removal of loose materials, installation of safe access routes, installation of crash decks and removal of ...
23/04/2024
Two targeted programmes for intensive flushing works are set to get underway this week in the Montenotte and Gurranabraher areas on the North side of Cork City. The works which are are scheduled to begin at 8pm on Wednesday 24 April are part of Uisce Éireann’s network improvement plan to address ...
23/04/2024
Belfast City Council has encouraged commercial owners who have vacant properties in Belfast city centre and occupiers hoping to take up vacant space in the city centre to apply for the 'Vacant to Vibrant' scheme. The scheme provides capital grants of up to £25,000 to cover external and internal ...