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THE COALITION LEADERS have agreed to a new housing target of delivering 303,000 new homes between 2025 and 2030.
At the leaders meeting this evening, housing targets up to 2030 were decided upon.
The delivery of 303,000 new homes in this timeframe is an annual average of 50,500 new homes and the aim is for gradual progression, rising to at least 60,000 per year by 2030.
Taoiseach and Fine Gael leader Simon Harris had said that he wanted to see new targets set before the calling of a general election, widely expected to happen later this week.
Speaking last week, Harris remarked: “I would personally have liked housing targets for the next number of years to have been set because I just think it provides a useful kind of anchor to the housing debate that rightfully will take place in the weeks ahead.”
The existing targets under Housing for All had set an average of 33,000 homes per annum until 2030.
Senior ministers had said the Government would exceed its 2024 target under that plan of 33,450 – getting close to 40,000 by the end of the year.
The new targets from the Government come after the ESRI that the housing demand is projected to be approximately 44,000 per year until 2030, but that projections of housing demand are “very sensitive” to assumptions regarding migration.
The agreement of a new set of housing targets appears to be a climbdown of sorts from Fianna Fáil leader Micheál Martin, who last week said the “ballpark” housing figures were already published.
“There was a range of scenarios identified by the ESRI and then you have the National Planning Framework as well, which dovetails with your housing targets for the future,” said Martin last week.
“So I think those two go hand-in-hand, but I think the ballpark figures are out there, they’re published.”
-With additional reporting from Diarmuid Pepper and Press Association
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Yay Ireland…
A step in the right direction at least
Anyone else notice that it’s one of the most positive stories of the day but only has 3 comments ?
It’s a nothing auction Kieran.. Extremely small potatoes.
Greece & Portugal have been offering short term bills since they went into their programs.
And we as a nation love our negativity !!
This is a wonderful expression of confidence on the long long road we have all travelled together with some suffering more than others. As economic performance is more frequently associated with positive sentiment lets push the usual Journal naysayers and prophets of doom to one side and together say………….YEAHHHHHHHHHHH GO GO GO IRELAND!
Think there need’s to be a counter balance to the supposed euphoria – Thankfully Constantin has plenty to say on this sale of ‘new’ stamps; rather they are of little value to overall effectiveness of any real bond sale and the effects of this are overrated – more spin I’m afraid.
http://trueeconomics.blogspot.ie/2012/07/372012-curb-your-enthusiasms.html
“The people and the economy can only wax fat and prosperous when their government is starved and puny.” – Murray Rothbard
@martincrettinnnPlease just this once..,,be happy a small step in the right direction and not 5 back as usual!!
Its not even a step be real!
Ahem ahem..I was waiting for the cheer-leading on this -
Now, I recall a certain Minister Bruton, 1 week before the Fiscal Treaty Referendum , stating “we don’t want to have to go to the LOAN SHARKS that are the Bond Markets ” !!!!!!!
And now we are supposed to celebrate going to the loan sharks again!?!? Just shows you the Crap that politicians will spin in an attempt to bully/ frighten people!!
I’d like to understand the rational behind the red thumbs!!???? I just highlighted a FACTUAL piece!
The mind boggles
Like his other quote best when referring to the State as – “a gang of thieves writ large” – no truer word said when considering the payment of bondholders over the welfare of the countries inhabitants and the forced nature in bringing about the household charge.
Yes. We should just try surviving on words and fresh air.
It’s the wrong words – uttered by so called intellectuals – that ruined this countries prospects in the first place – so we best watch the ones we use! So really where are you heading with such brief comment
If we had chosen not to honour the debts we have taken on, the welfare of the most vulnerable or our citizens would have been the most severely impacted.
All you have to offer to replace the money we have been lent is words and fresh air.
I’d like to return to the markets with a shrunken senior civil service sector; that way the markets would understand the country has its fiscal priorities in order -and then lend us the dosh!!!
Ahh nice one Ireland back to the markets, what are they selling, fruit & veg, clothes ???, ah sure its probably that cheap booze centra were trying to sell.
Do people want to return to the markets with a bloated public sector? We will still be under savage budgets to keep the lemmings overpaid.
If the government is fully funded until next year why on earth are they making this mickey mouse play?
To prove they can. Until now, they couldn’t. The yields may also change on the day, up or down, depending on sentiment. So it is a useful exercise.
Ireland will make it – I ALWAYS believed it! Irish are amazing in surviving and getting the head up again! YOU GO EIRE!!!!
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