The survey of 400 members of the industry revealed that there is significant scepticism around the commitment to build 250,000 homes over the net five years, as has been outlined by Taoiseach Simon Harris.
A total of 64pc of respondents said they believe planning regulations are the most significant factor currently affecting the supply of housing across the country. A further 13pc pointed to concerns surrounding financial resources, while 12pc were worried about land availability.
The survey also found that 11pc believe the availability of workers is having an impact on the supply of new housing.
Almost 30pc felt the aging population will influence the development of the Irish property market in the next decade, while more than a quarter felt migration and mobility will play a role in property-market development.
Energy efficiency was highlighted by workers in the sector as a critical initiative, with 60pc reporting that upgrades are necessary for future real-estate investments.
“While there is a level of scepticism around governmental targets, we are seeing some positive signs when it comes to housing supply,” said Mason Hates & Curran real estate partner Jamie Fitzmaurice.
“There is more capacity in the market in terms of workforce, which could help to reach those targets. Some of the previous issues have abated somewhat, including the post-Covid hangovers, rampant inflation and supply chain issues.”
Mr Fitzmaurice added that state intervention in the housing market is of critical importance. “The viability of a number of developments depends heavily on state involvement, be that through the Land Development Agency, the local authorities, the Approved Housing Bodies, or those lending to such organisations,” he said.
Almost 70pc of those surveyed highlighted the impact of planning hurdles on infrastructure investments in Ireland. About 43pc of respondents said the MetroLink was the most critical project for Ireland’s future development, followed by social and affordable housing projects.
“A clear pipeline of projects assists the private sector in scaling up and committing to a long-term business presence here,” Mason Hayes and Curran construction partner David Gunn said.
“Having certainty around funding makes it clear to the private sector that projects which are planned can and will be built, which is essential for meeting our long-term infrastructure targets.”
