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Housing supply crisis may continue for 'up to three years'

The Housing Agency has said just over half the minimum number of new homes needed to meet the hou...
Newstalk
Newstalk

15.28 4 Aug 2015


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Housing supply crisis may cont...

Housing supply crisis may continue for 'up to three years'

Newstalk
Newstalk

15.28 4 Aug 2015


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The Housing Agency has said just over half the minimum number of new homes needed to meet the housing problem in Dublin were built last year.

11,400 homes were built, but 21,000 homes are needed this year and next to keep pace with demand.

It comes as Property Industry Ireland (PII) is calling on the government to make affordable housing a priority in the October budget.

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It is recommending that VAT charged on houses should be temporarily cut from 13.5% to 9% in order to solve the housing supply issue.

It also says vacant shop units could be converted to appease the housing shortage. What do you think?

Conor Sheehan is the chair of the Hosuing Agency. He told Newstalk Lunchtime that the housing crisis might last for another two to three years.


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