New builds shortfall will persist until 2035
Stockbroking firm Davy has lowered its housing completion forecasts for Ireland, predicting that supply shortages will continue until 2035. Despite the housing shortfall, the firm remains optimistic about the broader economy, citing strong national income growth and resilient consumer spending.
Why it matters
The persistent housing supply gap highlights a critical infrastructure challenge that could impact long-term economic stability and social welfare.
Stockbroking firm Davy has revised downwards its forecast for housing completions for this year and said the shortfall in new builds will persist until 2035.
The report summarizes economic forecasts from a financial firm using objective, data-driven language.
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