State needs 52,000 new homes a year to meet shortfall - Central Bank
The State must build 52,000 homes a year for the next 25 years or 68,000 over the next 10 years to resolve the current housing shortfall, the Central Bank has warned.
In a special report accompanying its latest quarterly bulletin, the regulator said the housing market has been subject to a decade of undersupply “during which house price and rental growth have outstripped income growth and stretched affordability”.
It noted there were four new workers for every one house built over the last 10 years.
News in Ireland
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- Human trafficking: 53 victims identified in Ireland: Some 53 victims of human trafficking, including five children, were officially identified in Ireland in 2023, while a “stark increase” in female victims was also recorded, according to the Irish Human Rights and Equality Commission (IHREC).
- How ‘The Family’ Dublin drugs gang got snared in encrypted platform infiltration: The Dublin drugs gang caught up in the latest international policing operation targeting an encrypted messaging platform emerged from impoverished and chaotic beginnings to take a prime position in Ireland’s underworld.
- Weather forecast: Any mist and fog patches will soon clear this morning and it will be another dry day today with long spells of sunshine developing. Highest temperatures of 17 to 22 degrees . Tonight will be dry with mostly clear skies. Lowest temperatures of 7 to 11 degrees.
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Ploughing Championships
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The Big Read
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Opinion
Business
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Sports
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World
- At least nine killed, 2,750 injured after Hizbullah members’ pagers explode in Lebanon and Syria: At least nine people were killed, and 2,750 wounded, many seriously, on Tuesday afternoon, when pagers carried by Hizbullah militants exploded across Lebanon and Syria.
READ MORE
- ‘I’m trying to build a social life, but how can I when my parents call to see me all the time?’: This week Trish Murphy deals with a query from someone whose parents are downsizing, and house-hunting close to me. As such, they are often in the area, and ask can they call in on the weekends. “I’m trying to build a social life/plan for myself now, but how can I when my parents want to see me all the time?”
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