The BPFI said that based on population projections, as well as pent-up demand, there is a need to build at least 50,000 homes per year over the next five years.
Reports from the BPFI and the Central Bank forecast that the Irish government will miss its housing completion targets by approximately 9,000 units over the next two years. The BPFI estimates a need for 50,000 homes per year for the next five years. While housing commencements increased, planning permissions decreased, particularly for apartments in Dublin.
