Lack of employment prospects directly linked to lack of accommodation
The shortage of rental accommodation is the reason given by 4 out of every 10 employers for them not being able to recruit more staff and employers are also blaming the increasing rents for the loss of many of their existing staff. Recruitment firm Abrivia in conjunction with the business school at Trinity College Dublin carried out a survey of 2500 workers and 500 business and the results confirmed that Irish business is being effected by the housing crisis.
This problem does not only concern Dublin. Lack of availability and the rising cost of living accommodation is a nationwide problem however 47% of workers outside Dublin would require an increase in salary of more that 20% to move to Dublin for work and the results of this survey showed that 8 out of 10 employers expect to increase wages by up to 5% in 2017. This is not good news for job hunters in Cork, Limerick, Galway or Waterford hoping to move to the capital city. People moving from Dublin because they can no longer afford to live there are finding very little accommodation available in Munster however 2017 should be a good year for Limerick if currently proposed construction in Limerick city and the suburbs of Annacotty and Mungret due to commence in late spring goes ahead.
Read more at Irish Independent.ie business