ESRI report claims Ireland needs construction workers to come from abroad to fulfil house-building targets

Ireland will need major inward migration of construction workers if the industry is to achieve targets for new housing.

However, a new report from the ESRI says the high cost of accommodation is acting as a deterrent for people who want to work here.

The ESRI research says the construction sector is going to need a major boost to employment numbers if housing supply is going to meet demand and that much of the extra labour will have to come from immigrant workers.

It warns Ireland's accommodation costs could act as a disincentive for people thinking about moving here to work in construction.

The study finds that a significant increase in housing output will require the number of construction jobs here returning to Celtic Tiger levels.

It predicts a big increase in mortgage lending as more homes come on the market, but the ESRI says its essential that the Central Bank maintains the regulations that oversee mortgage lending, or we could see the build-up of another property bubble.

- Digital Desk


Related Articles

Number of social houses built less than half of Government's target

Pace of house price increase slows to 8.4%

'No plans' to make housing a Constitutional right, says Govt

Cork County Council in joint bid for provision of public housing

More in this Section

'I will contest that vote with everything I've got' - May cancels Dublin trip to fight for job

'Disquiet within the parliamentary party' - Fianna Fáil TD not happy with confidence and supply

Half of children helped by Barnardos live in emergency accommodation, charity says

HPV vaccine campaigner given honarary degree from UCD


Lifestyle

7 of the most head-scratching crimes of fashion committed in 2018

Child’s love for Mary Poppins: UK children's Laureate breaks down the iconic nanny's reboot

Stepping out of the shade: Choose colour for this years festive partywear

More From The Irish Examiner