Public Expenditure Minister Jack Chambers has highlighted the decline in private investment as a significant barrier to achieving the government's housing targets of 50,000 to 60,000 new homes annually. In addressing the Dáil, he emphasized the need to create a more appealing environment for private investors, asserting that the recent downturn in investment levels has adversely affected the overall housing supply situation in the country, crucial to accommodating growing population needs.
"If we want to reach between 50,000 and 60,000 new homes per year, we need to make sure Ireland is an attractive place for private investment," he has told the Dáil.
"We have seen that weaken in recent years and it's had an impact on the overall housing supply environment."
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