Industry & Business

Four Times More New Houses Need to be Built in 2018 Compared to Last Year

 Breaking News
  • EIB to Back €1.2 Billion Pan-European Renewable Investment Through Irish NTR Fund The world’s largest international financier for renewable energy, the European Investment Bank, will back renewable energy investment across Europe in co-operation with Dublin-based NTR plc. The EIB’s €84 million backing for the NTR Renewable Energy Income Fund II was announced at an EIB investment conference at the Central Bank of Ireland attended by more than [...]...
  • ABP’s Olleco on Shortlist For Davos Sustainability Award ABP Food Group’s renewable division, Olleco, has been shortlisted for a prestigious ‘Circular’ sustainability award for its development of a circular economy model with McDonald’s and Arla Foods in the UK. The awards are an initiative of the World Economic Forum and the Forum of Young Global Leaders and winners will be announced at the [...]...
  • Pioneering Proteomics Researcher and Entrepreneur Receives the NovaUCD 2018 Innovation Award The NovaUCD 2018 Innovation Award has been presented to University College Dublin’s (UCD) Professor Stephen Pennington (pictured), a global leader in proteomics (the study of proteins) research and innovation. The Award was presented to him in recognition of his commitment and success in protein biomarker research, undertaken during the last 15-years at the UCD School [...]...
  • National Manufacturing & Supply Chain Conference & Exhibition 2019 – Thursday, January 17th – Citywest Hotel, Dublin Approximately 3,000 people from all over Ireland are expected to visit the 2019 National Manufacturing & Supply Chain Conference & Exhibition at the Citywest Hotel, Dublin on Thursday, January 17th, making the event the largest gathering of the manufacturing and supply chain community in the country. Now in its sixth year, the National Manufacturing and Supply [...]...
  • DIT Launches New MSc in Transport and Mobility Over 250 million journeys were taken by passengers on Irish public transport services in 2017, and with the population set to increase, this number is likely to continue growing in the coming years. Dublin Institute of Technology (DIT) has launched Ireland’s first ever MSc programme in Transport and Mobility designed to equip graduates with the knowledge [...]...

Four Times More New Houses Need to be Built in 2018 Compared to Last Year

Four Times More New Houses Need to be Built in 2018 Compared to Last Year
February 28
14:00 2018

Initiative Ireland, headquartered at NovaUCD, has launched a new annual housing report, entitled Housing 2031. The report was commissioned to provide a more accurate and consistent view of housing supply and demand over the last 25 years in the Republic of Ireland, to more reliably forecast true housing demand up to 2031.

Padraig W Rushe, CEO of Initiative Ireland, said: “We don’t need to rely on reports to tell us that there is a significant shortfall in housing today, that is self-evident. That said it is important we build an accurate picture of the level of housing demand regionally and how that is likely to change in the coming years, if we want to build a sustainable housing market. While there have been multiple public and private reports issued recently on the subject, most reference data sources they openly acknowledge are significantly flawed. To establish a true picture of the market, we have pulled data from multiple independent sources to establish more accurate understanding of housing supply. We have observed regional population and housing trends from the last 25 years and overlaid this information against population forecasts up to 2031. Our goal is to provide a more accurate, reliable picture of regional housing requirements in Ireland to date and into the future, to help ensure the sustainability of our housing and finance industry and learn from the mistakes of the past.”

Key Analysis Findings       

* Over 40,000 new homes are needed in 2018, or 34,000 annually until 2020 with surplus demand across all regions of Ireland.

* Fewer than 10,000 new homes were delivered nationwide in 2017 based on Builder Bonds and BER Rating registrations.

* 50% of Housing Demand will fall within Greater Dublin Area by 2031.

Rory McEntee, Director of Property & Legal at Initiative Ireland, said: “2017 saw a significant uplift in the volume of new housing commencements across Ireland but many of these developments, especially larger developments, will take some time to come on the market. If we are going create a more sustainable housing market, we need to focus on accurately forecasting demand by region and supporting developments of all scales across these regions.”

CAPTION:

Management team of Initiative Ireland (left to right): Padraig M Rushe, Chief Credit Officer; Rory McEntee, Chief Operating Officer and Director of Property & Legal; and Padraig W Rushe, CEO, Initiative Ireland.

About Author

admin

admin

Related Articles

New Subscriber





Subscribe Here



Advertisements



















National Manufacturing Conference & Exhibition 2018

NIBRT Springboard Success Stories



Upcoming Events

  • No upcoming events
AEC v1.0.4