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Ireland's housing construction lags far behind target, stalling economic growth and inflation.
Ireland's housing construction remains stagnant, with only 33,000 homes completed by September 2024, far below the 300,000 target by 2030.
Despite a 4% increase in completions, construction starts have not risen significantly, hindered by labor shortages, planning delays, and high costs.
The Central Bank warns that without urgent action, output growth will stall after 2026, and inflation, particularly in housing and services, may persist.
Economic growth is projected to slow, with employment and wage growth moderating, while domestic demand and inflation remain elevated.
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La construcción de viviendas en Irlanda se encuentra muy por detrás de los objetivos, lo que frena el crecimiento económico y la inflación.