The lack of supply of housing has now become possibly the single greatest threat to Ireland’s socio-economic development it is no longer only a social issue, it is now impacting our overall economic performance. The lack of supply in the private housing market is driving wage demands, and making it difficult for companies to find accommodation for their employees, particularly hindering FDI. The consumer spending necessary to support the domestic economy is being impacted as households spend a disproportionate amount of their income on housing costs.
The National Competitiveness Council recognised supply of housing as a major challenge to the continued competitiveness of the Irish economy. There are currently too many Government agencies and peripheral organisations dealing with housing policy in Ireland. There must be greater policy coherence at national level through the establishment of a single overarching body which can focus on resolving the short term issues and plan for long term housing demands.
Read our submission to the Oireachtas Committee on Housing and Homelessness here and our submission to the Department of Housing, Planning, Community and Local Government on Statement of Strategy is available here