The Bank's also revised downwards the number of homes it predicts will be built this year
It now takes an average of four years to build a home, according to the Central Bank.
Its latest bulletin shows the time between the lodging of a planning application and a home being completed is twice as long as it was a decade ago.
The Bank's also revised downwards the number of homes it predicts will be built this year by 500, to 39,500.

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