Housing crisis risks economic growth, warns business leader

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 71%

Property Property Headlines News

Property Property Latest News,Property Property Headlines

Ireland’s housing crisis is beginning to restrict the country’s economic growth, as multinational firms struggle to convince staff to take up jobs in professional services here, a senior business leader has warned.

Michael McAteer, the managing partner of Grant Thornton Ireland, said that up to 30 per cent of the international recruits that his firm offered contracts to last year turned down the job due to the housing shortage.

“We continue to offer positions to people who accept them. But when they go and research the market to come and live here, we’re probably getting a 25 to 30 per cent cancellation rate,” McAteer told the Business Post.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Hey waky wakey Sunday Business Post but that has been going on for quite some time now it is just getting worse.

We're reaping what we've sown in this regard. From first-hand experience I can tell you that a lot of ex-pats here would gladly leave because the price : value equation is skewed here. Why work hard for big bucks if you cannot afford a nice apartment to live in, etc?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in PROPERTY

Property Property Latest News, Property Property Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Availability of housing a challenge for 70% of firms in attracting staffIbec’s annual CEO Survey has captured the perspectives and predictions of business leaders on the major issues facing companies Taoiseach: dkellyj And potential University students from abroad and at home. It’s more than that, that’s the immediate challenge, in less than 1 year many of my colleagues left anyway tired to pay crazy rents
Source: IrishTimesBiz - 🏆 6. / 77 Read more »

Bríd Smith hits out at 'pure spin' from Government over housing crisisA newly-formed IrelandForAll coalition will march in Dublin on Saturday She has a problem for every solution...populist bullshitter ,her party wouldn't have talks with SF after the last GE because they have absolutely nothing to contribute in politics other than populism rubbish Isn't it a pity we could not have a single united march against racism & welcoming refugees The protest should be headed to the Dáil, not the North Inner city. If you want to tell people to stop protesting at asylum centres & to take it to the Dáil, you need to do that yourselves bridsmithTD pb4p paulmurphy_TD RBoydBarrett Ginosocialist
Source: NewstalkFM - 🏆 19. / 55 Read more »

Fine Gael Cllr sent death threats after criticising social housing systemA Fine Gael councillor has spoken out about the death threats she received after criticising the social housing system in her home county. There are some politicians who continue to state that Violence against Women and Children is 'Justified' unless Female politicians stand against the Haters in their own ranks then this behavior will continue...sad but true... TDs are so out of touch with reality they do not realise the anger which is turning to rage now. TDs job is to make Ireland a community for the people and not slaves to banks, landlords and corporations. If your FG party stopped the mass migration crap, you probably wouldn't have been threatened,it's not nice to be a 2nd class citizen in your own country,wake up love and sort this mess out, 90% of the Native Irish said they weren't happy with mass migration in a recent media poll
Source: NewstalkFM - 🏆 19. / 55 Read more »

Bríd Smith hits out at 'pure spin' from Government over housing crisisA newly-formed IrelandForAll coalition will march in Dublin on Saturday She has a problem for every solution...populist bullshitter ,her party wouldn't have talks with SF after the last GE because they have absolutely nothing to contribute in politics other than populism rubbish Isn't it a pity we could not have a single united march against racism & welcoming refugees The protest should be headed to the Dáil, not the North Inner city. If you want to tell people to stop protesting at asylum centres & to take it to the Dáil, you need to do that yourselves bridsmithTD pb4p paulmurphy_TD RBoydBarrett Ginosocialist
Source: NewstalkFM - 🏆 19. / 55 Read more »