Ireland Inc needs an injection of global capital for new homes

Ireland needs more than €120bn in capital for housing provision across all tenure types by 2030 to hit the high targets aimed for. Tommy Barker reports

Minister for Housing, James Browne, TD, with Martin Whelan, CEO of The Housing Agency, at the recent Ireland Pavilion, MIPIM in Cannes, France.

Despite all the reports of cash and corporation tax windfalls swilling about the Irish economy, as well as moves by the Government to propose special tax advantageous infrastructure for Irish citizens and savers (we have 38% of our wealth in banks earning close to 0% interest), we still have to look overseas for the billions needed for infrastructure, renewable energy delivery, and for housing.

Ireland needs more than €120bn alone in capital for housing provision across all tenure types by 2030 if we are to hit the high targets aimed for (up to 60,000 units a year by 2030).