Ireland could need to complete around 52,000 new homes each year until 2050 to house the country’s growing population, according to the central bank, a figure that far exceeds current government targets of 33,

Ireland faces significant challenges to make construction more financially and practically viable to build the 52,000 homes needed per year from now until 2050 to catch up on a decade of undersupply,

The Housing for All strategy estimates that Ireland needs an average of 33,000 new homes to be provided each year to 2030.

Housing supply 'unable to meet our country’s needs' and 'limiting the sustainable growth of living standards', report says

Dealing with the pent-up demand for housing and continued growth in the population will require building 52,000 homes a year over 25 years, the Central Bank has forecast.