Housing shortage a 'drag' on investment – Tanaiste

The video discusses the current state of foreign direct investment (FDI) and the challenges faced by companies, particularly in terms of accommodation for staff. It highlights the government's plans to increase the number of new homes being built, aiming for 28,000 this year, the highest in a decade. Despite recent slowdowns, efforts are being made to exceed targets next year. With a rapidly growing population, the need for at least 30,000 new homes annually is emphasized. The government is focusing on strategies to accelerate housing supply, including new builds and repurposing existing structures, to address the housing crisis affecting the country.

What was highlighted about last year's foreign direct investment (FDI)?

• FDI decreased significantly.

• It was the best year ever for FDI.

• It was the worst year ever for FDI.

• FDI remained unchanged from previous years.

What is the target number of new homes to be built this year?

• 20,000 homes

• 28,000 homes

• 25,000 homes

• 30,000 homes

Why is there a need to exceed the current building targets?

• To accommodate a declining population

• To address the rapid population growth

• To reduce the number of vacant homes

• To increase the number of luxury homes

What are some of the options being considered to increase housing supply?

• Building more luxury apartments

• Repurposing green spaces

• New builds and repurposing existing structures

• Reducing the number of student accommodations

What is the government's stance on addressing the housing crisis?

• They are considering reducing efforts in housing.

• They believe the crisis will resolve itself.

• They are committed to exploring all possible solutions.

• They plan to focus solely on new builds.