Housing completions jump by almost a third... but experts issue warning
The number of new homes being completed in Ireland increased by almost a third during the first three months of the year, according to a new report from the Banking and Payments Federation Ireland (BPFI).
A total of 7,856 homes were completed between January and March, the highest first quarter figure since records began in 2011 and an increase of almost 33% compared with the same period last year.
Apartments, housing developments and one-off homes all recorded year-on-year growth.
01/07/25Minister for Housing, Local Government and Heritage, James Browne TD at a press briefing at Government Buildings in Dublin. Pic Stephen Collins / Collins Photos
The BPFI report said the strong start to the year means housing output is on course to reach around 40,000 homes by the end of 2026 if current building levels continue.
However, the organisation warned that supply is still falling short of demand, with planning delays, limited construction capacity and a shortage of development-ready land continuing to restrict the delivery of new homes.
Ali Ugur. Pic: Banking and Payments Federation
BPFI Chief Economist Ali Ugur said increasing the supply of zoned and serviced land is essential if Ireland is to build enough homes to meet demand in the years ahead.
The report also highlighted the continued strength of the housing market, with demand for homes remaining robust despite affordability pressures.
The BPFI said long-term population growth and household formation continue to place significant pressure on the country’s housing supply.
