• Population growth by over one million through 2040
• 550,000 new houses to house the population
• 660,000 new jobs to employ the population

The revised National Development Plan (NDP) published in October 2021 sets out the ten-year capital ceilings to 2030 which will support economic, social, environmental and cultural development across all parts of the country under Project Ireland 2040.

While public capital expenditure on infrastructure is vital, investment from the private sector will need to be a multiple of public spending to provide the housing, office space, retail space and other amenities required. We estimate that investment will be circa €312bn.   

• The Irish government’s goal for long term development of the country and its economy, as laid out in the Project Ireland 2040 plan, includes ambitious targets for population and employment growth
  
• The plan’s objectives to sustain this growth include promoting compact growth in Irish cities to avoid urban sprawl, as well as goals for sustainable mobility and regional accessibility
  
• All of these goals have substantial implications for property investment.

*see report “The Significance of International Development Finance in Ireland’s Real Estate Markets” here https://www.iip.ie/thought-leadership