Strategic investment bank mooted

The creation of a national strategic investment bank could be used to fund viable property development initiatives that would help to alleviate the housing shortage, according to Social Protection Minister Joan Burton.

Speaking to RTÉ news, the minister was responding to the latest ESRI quarterly review of the economy, which found that the level of new house building was well below current demand.

The ESRI forecast the new household formation would average 20,000 each year until 2030.