14,000 housing units to be built this year - but we need 25,000, says Property Industry Ireland

Some 14,000 housing units will be completed by the end of the year.

14,000 housing units to be built this year - but we need 25,000, says Property Industry Ireland

Some 14,000 housing units will be completed by the end of the year.

Property Industry Ireland (PII), which is today launching the latest edition of Property Watch, said Budget 2017 must build on the positive work of the Housing Action Plan.

The latest report shows housing completions are up 17% year on year while new housing commencements are up 33%.

Chairman of PII Tom Phillips said: "We need to be building 25,000 at least per annum, but we're only building 14,000.

"Of those 14,000 about 40% are one-off houses. We need to have an ambitious budget that matches the ambition of the (Housing) Action Plan."

More in this section

Price info
IE_180_logo
Price info

Subscribe to unlock unlimited digital access.
Cancel anytime.

Terms and conditions apply

Budget 2022 Logo

What impact will this  year's budget have on you and your business.

The Business Hub
Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Sign up
Puzzles logo
IE-logo

Puzzles hub

Visit our brain gym where you will find simple and cryptic crosswords, sudoku puzzles and much more. Updated at midnight every day. PS ... We would love to hear your feedback on the section right HERE.

Lunchtime
News Wrap

A lunchtime summary of content highlights on the Irish Examiner website. Delivered at 1pm each day.

Sign up
Revoiced
Newsletter

Our Covid-free newsletter brings together some of the best bits from irishexaminer.com, as chosen by our editor, direct to your inbox every Monday.

Sign up