MyHome.ie Blog
  • MyHome Living
  • News
  • RetroFit Hub
  • Buyers Advice Hub
  • Selling
  • Renting
  • Mortgages
  • Property Report
MyHome.ie Blog
  • MyHome Living
  • News
  • RetroFit Hub
  • Buyers Advice Hub
  • Selling
  • Renting
    • Mortgage Learning Center
    • Calculators
    • Best Mortgage Table
  • Property Report
    • All Properties
    • Houses For Sale
    • Apartments For Sale
    • Available To View
    • Overseas Holiday Homes
      • Properties For Auction
      • Upcoming Auctions
      • BER Assessors
      • Property Conveyancing Solicitors
      • Pre-Purchase Surveyors
    • Find Agents
    • All Properties
    • Houses To Rent
    • Apartments To Rent
    • Available To View
    • Share
      • Irish Holiday Homes
      • Overseas Holiday Homes
  • New Homes
    • For Sale
    • To Rent
    • Auction
      • Residential Land
      • Commercial Land
      • Farm Land
      • Farms
      • Sites
    • MyHome Living
    • Buyer Advice Hub
    • Property Report
    • Property Price Register
    • Price Changes
  • Mortgages
    • Rental
    • Holiday Homes
    • Commercial
    • Sharing
Advertisement
  • Home
  • Sustainability
  • Davy predicts government will fall short of new homes target for 2023
Sustainability
Feb 1, 2023 - 14:59

Davy predicts government will fall short of new homes target for 2023

MyHome Content Studio
By MyHome Content Studio
Share this article
Facebook Share Twitter Share Linkedin Share Email Share Whatsapp Share
Davy predicts government will fall short of new homes target for 2023

The number of new homes built this year will fall short of the government’s target of building 29,000, according to forecasts by Davy.

The stockbrokers’ latest research has found that housing completions will drop from last year’s figure of nearly 30,000 to 27,500 in 2023, which means the government is unlikely to hit its target of 29,000.

It expects residential house price inflation to slow to 4% this year but says a ‘key uncertainty’ remains what happens as a result of the loosening of the Central Bank’s mortgage lending rules.

It says it’s possible ‘given the intensity of competition in the housing market’ that first-time buyers may take on more debt and push prices higher than its 4% forecast.

Davy has also doubled its growth forecast for the Irish economy on the back of a stronger-than-expected performance last year, falling energy prices and a “less challenging” global outlook.

Advertisement

The firm said it expected Irish GDP (gross domestic product) to grow by 6.9% this year, up from a previous forecast of 3.5%, and by 5% next year.

Subscribe to our weekly MyHome Living eZine today

Processing your request...

You are subscribed now!

<

  • Tags
  • Davy
  • housing
MyHome Content Studio
By MyHome Content Studio
Share this article
Facebook Share Twitter Share Linkedin Share Email Share Whatsapp Share

Helpful Links

Find your home on MyHome
Read more Articles
Calculate what you can afford to borrow
Welcome to the Retrofit Hub
Advertisement
Advertisement

Related News

Welcome to MyHome ecoRating
Sustainability

Welcome to MyHome ecoRating

Aug 02, 2024
Bin the boiler, reduce energy, save money
MyHome Living

Bin the boiler, reduce energy, save money

Jul 12, 2024
Construction sector activity rises again in April
MyHome Living

Construction sector activity rises again in April

May 13, 2024
New low-cost loan scheme for home energy upgrades announced
MyHome Living

New low-cost loan scheme for home energy upgrades announced

Apr 25, 2024
Target of 250,000 homes by 2030 will be in revised Government targets
Sustainability

Target of 250,000 homes by 2030 will be in revised Government targets

Apr 24, 2024
Frequent And Popular Searches
MyHome.ie Blog
Help
Jobs
About
Equality Guidelines
Brand Safety
Contact
Terms & Conditions
Cookie Policy
Privacy Policy
Digital Services Act
Sitemap
© Copyright MyHome.ie 2025
Advertisement