Building momentum for Ireland's home hunters

As 2022 gets in gear, there is a robust plan, strong momentum, and political endeavor regarding housing, says Sherry FitzGerald's Paul Hannon

Back to business: the house building market picked up well after the 2021 pandemic lockdown. Picture Dan Linehan

Wed, 05 Jan, 2022 - 16:58

Paul Hannon

So, it looks like despite the pandemic lockdowns the new homes building industry will deliver approximately 21,000 completions before the end of the year. This will be an excellent result given the building sector faced such immense challenges such as lockdowns, supply chain issues and policy interventions.

As 2020 was, 2021 has been another year of change, but the difference this past year has been that government have produced major policy interventions which are being introduced and will impact on how housing is planned and delivered for the long term. These interventions have included adjustments to stamp duty rates to planning reform, de-zoning and rent controls, judicial reviews, and development plan challenges. The sector has been hit with a lot and is constantly evolving. The obvious and well documented major issue for home building has been the global supply chain, which has created hold ups and cost increases across the board.