47,000 homes need to be built each year to solve housing crisis, report says

Estimate almost twice the 25,000 target set out in Government’s plan

The bulk of new homes are needed for smaller households and in locations that are in and near the main cities. Photograph: iStock

The bulk of new homes are needed for smaller households and in locations that are in and near the main cities. Photograph: iStock

As many as 47,000 houses will have to be built each year for the next five years just to meet demand, according to a new report.

This is almost twice the 25,000 target set out in the Government’s Project Ireland 2040 plan and more than twice the current level of supply, which was 21,000 last year.That figure is expected to fall to between 14,000 and 16,500 this year amid Covid-19 disruption.

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