A new study by Eurostat has revealed the scale of Europe’s housing crisis, showing that many young people are spending up to 80% of their income on rent. According to the findings, 10% of people aged 15–29 across the European Union are considered overburdened by housing costs, meaning a large share of their income goes … Read more
Davy, Ireland’s largest stockbroker, reported that 34,000 new homes are expected to be completed in Ireland in 2024, a slight increase from the 32,695 units finished in 2023. This modest growth is projected to accelerate in the coming years, with 42,000 completions forecast for 2025 and 50,000 by 2026. The stockbroker highlights significant activity in … Read more
In response to Ireland’s housing crisis, Prime Minister Leovaradkar announced that the government is contemplating a significant increase in its home construction target, aiming for 50,000 homes per year. The National Development Plan initially proposed 33,000 homes annually, a figure criticized by the ESR as insufficient given the country’s population. While not fully endorsing the … Read more
A multi-billion euro housing strategy is set to be launched by the government on Thursday and will include a detailed breakdown of ‘guaranteed spending plans for the next five years. The plan, which includes a guarantee of 20 billion euros ($24 billion) of state funding over the first five years, is aimed at increasing homebuilding … Read more