Housing completions to fall next year by 15,000

Housing completions will fall to 65,000 in 2008, down from an expected 80,000 this year, according to a report to be published tomorrow by Davy Stockbrokers.

In its latest research document, the firm predicts a €500 million fall in construction-related tax revenue this year.

In the report, entitled Beware of the Housing Lags, Davys states the full impact of the current decline in house building will not be felt until the second half ...