Housing shortage a concern, says Government economist

Chief economist John McCarthy told the Oireachtas finance committee of shortfall

A senior Department of Finance official has expressed anxiety about the “imbalance” in the housing market. Photograph: Frank Miller

A senior Department of Finance official has expressed anxiety about the “imbalance” in the housing market. Photograph: Frank Miller

A senior Department of Finance official has expressed anxiety about the “imbalance” in the housing market, citing concerns about competitiveness and foreign direct investment.

John McCarthy, chief economist in the department, told the Oireachtas finance committee yesterday the completion of 13,000 new homes this year compared with an estimated annual requirement for 25,000 new housing units.

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