Housing now biggest threat to Ireland’s economic wellbeing

Padraig O’Neill, the managing director of Unum’s Technology Centre in Carlow town, a tech campus for US insurance giant Unum, says there are second-hand properties to buy in Carlow town and the surrounding area but there is little or no available rental property.

“We recruit a lot from surrounding colleges in Maynooth, Waterford and Carlow,” he says, noting that those from Maynooth and Waterford struggle to get accommodation locally. John O’Flynn, general manager of the five-star Fota Island Resort in east Cork, says the biggest challenge for the business is the rental market.

From an employer perspective, there is a need to reinvigorate the policy drive around the availability and affordability of housingIbec’s “Better Housing, Better Business” report, published on Monday, said the State’s housing crisis had increasingly become a concern in relation to cohesion in the workplace and society more broadly.

Unpublished research by the Housing Commission also suggests that the State may need up to 62,000 homes built per year until 2050 to meet demand – almost double the annual target of 33,000 contained in the Government’s Housing for All plan. Patrick Mulholland, managing director of medical devices company VistaMed, which is based in Carrick-on-Shannon in Co Leitrim, says it’s not the cost but the availability of housing that is proving the biggest headache for the company.

“Housing will limit what business we can take on going forward. That’s the bottom line. As a global company, we would look for other destinations – other than Ireland – if we’re unable to locate the workforce here.”

Is this the point where we start the slow hand-clap?

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