Government predicted to miss housing targets for next three years
- The Central Bank of Ireland warns that the Government will miss its housing target of 41,000 homes by 6,000 in 2025, predicting only 35,000 houses will be built this year.
- Housing completions were only 30,330 last year, falling short of the target of 33,000 homes set by the Government, as reported by the Central Statistics Office.
- The Central Bank highlighted issues like low productivity and land shortages in the construction sector as factors restraining housing supply.
- The T�naiste acknowledged that projections can vary, emphasizing the need for focusing on delivering at least 50,000 homes annually.
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