Central Bank Governor Gabriel Makhlouf warns that infrastructure deficits are endangering Ireland's economy by driving up costs and delaying delivery in housing, transport, energy, and water. The Irish Home Builders' Association anticipates a decline in home completions due to inadequate planning permissions and lack of serviced land. The Government's past performance, missing housing targets of 40,000 completions by delivering only 30,000 homes, has led to calls for urgent action to resolve these issues. Taoiseach Micheál Martin has emphasized the need for increased private sector investment to address the persistent housing crisis.
The Irish Home Builders' Association (IHBA) expressed serious doubts that house completions will increase this year due to planning permission and infrastructural issues.
Conor O'Connell of the Construction Industry Federation highlighted that infrastructure deficits, such as delays in water and electricity, significantly impede housing completion rates.
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