Housing crisis ‘jeopardising business growth’ in Cork

A shortage of residential accommodation is jeopardising the growth of businesses in Cork as the housing pinch begins to be felt by companies outside of the capital for the first time.

Employers in the region are starting to struggle with a lack of suitable rental accommodation which is making expansion increasingly difficult, according to the head of PricewaterhouseCoopers’ (PwC) Cork office.

“We have a deficit in the number of houses where workers are going to work. It’s not a nice-to-have, it’s a must-have especially if we’re going to grow... That’s becoming a bit of an issue,” said PwC partner Ger O’Mahoney.