Housing crisis set to deepen with output predicted to stall for 18 months

Another €125m is being allocated to establish a land acquisition fund under the Housing Agency, which aims to streamline the process of acquiring land for social housing. Picture Denis Minihane.

The housing crisis is set to deepen even further next year with new-home starts already in decline and experts predicting that housing output will stall for at least the next 18 months.

While the Government's Housing for All plan has a target of 33,000 units annually, Housing Minister Darragh O'Brien has now admitted that even reaching 28,000 home completions next year will be challenging.