Davy says State needs 93,000 homes a year as SCSI says now is the time to invest in infrastructure

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Ireland needs 93,000 new homes a year up to 2031 to tackle its chronic housing shortage, a new Davy reports says. Photograph: iStock
Ireland needs 93,000 new homes a year up to 2031 to tackle its chronic housing shortage, a new Davy reports says. Photograph: iStock

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Ireland needs 93,000 new homes a year up to 2031 - by which time our population will be nudging six million - to tackle its chronic housing shortage, analysts at Davy say in a report that described last year’s housing output as “disappointing”. Barry O’Halloran reports.

Slowing inflation in the construction sector makes it an ideal time for the Government to accelerate the much-needed investment in public infrastructure in areas such as utilities, transportation and healthcare, the president of the Society of Chartered Surveyors Ireland said. Prices in the sector rose 3 per cent last year, writes Ian Curran.

Creditors of a Dublin windows and doors company that closed suddenly late last year have alleged that the firm and its senior management engaged in fraudulent activity, the High Court has heard.

Dublin Airport will today bid for a third time to end the row over its 32 million a year passenger limit when it again asks planners for an increase to 36 million. Barry O’Halloran reports.

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Workers in Dublin had the highest levels of disposable income in the State in 2023, according to new research by the Central Statistics Office which also shows labour productivity slipping in parts of the country. Ian Curran has the details.

A migrant chef with no English was put to work for about €25 a day at a Cavan takeaway while working up to 73 hours a week to pay off an “illegal” €60,000 “recruitment fee”. Now he is suing his employer at the Workplace Relations Commission for nearly €200,000 in back pay and compensation. Stephen Bourke has the details.

Meanwhile on the markets, a “springboard” market for small companies will be launched by the middle of this year, the head of Euronext Dublin expects. The operator of the Irish Stock Exchange hopes the fledgling market for small but ambitious companies will mimic the success of similar initiatives elsewhere in its netowrk and reboot Irish listings. Joe Brennan reports.

A plan for an eight-storey, mixed-use scheme close to the Ha’penny Bridge in Dublin has been turned down by An Bord Pleanála due to its impact on the historic setting of the “iconic and unique” Liffey Quays, writes Gordon Deegan.

Sticking with development, businessman Patrick Cox and his firm are to seek a stay, pending appeal, of a High Court order for them to pay €11.3 million over a dispute alleging concealment by Mr Cox when he worked for developer Michael O’Flynn’s group.

Malin Corporation. the Dublin-listed life sciences investment company, has unveiled plans to buy back up to 76 per cent of its remaining shares with cash raised from the sale of its stakes in two biopharmaceutical companies. Joe Brennan reports that its €10.30 a share offer is a 17 per cent premium to Tuesday’s closing price.

Greencore, the maker of sandwiches and ready meals for stores from Aldi to Marks & Spencer, is keen to examine takeover opportunities to broaden its range as it unveils ambitious medium-term financial targets. Joe Brennan reports.

Ireland’s services sector certainly has not begun 2025 with a bang. While it did see growth in new business continue from 2024, it was at the weakest rate in nine months, writes Laura Slattery.

The potential for artificial intelligence to reshape the workplace is a much debated topic. In her column, Ciara O’Brien argues that while AI itself is unlikely to directly replace you, someone who is comfortable with the technology might.

And a distressing suspension of her gmail account for alleged spamming has Sarah O’Connor considering the notion of fairness in an increasingly automated world.

In our Tech Review, Ciara O’Brien said it is not that surprising that smartphone makers are pushing heavily on AI and the software side of things to try to sell their latest phones. But does the Samsung Galaxy S25 Ultra do enough to incentivise an upgrade?

Donald Trump has ordered work on the most ambitious missile shield in US history, but analysts say that a leakproof, space-based missile shield is all but impossible. And that’s before you consider the exorbitant cost and technological challenges.

In this week’s Inside Business podcast, Cliff Taylor, sitting in for host Ciaran Hancock, talks to economic correspondent Eoin Burke-Kennedy, China Correspondent Denis Staunton and Scott Lucas, professor of international politics at the Clinton Institute in UCD about how vulnerable Ireland might be to Trump’s tariff threats.

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