Housing shortage may hit investment by multinationals

Investment by multinationals is being put in jeopardy by the housing shortage, according to a report by the American Chamber of Commerce (ACC).

The chamber surveyed its members from a range of sectors including financial services, medical devices, pharmaceutical, and ICT, with bases in Cork, Dublin, Galway, and Limerick.

“There is clear evidence from the research process that both expanding and newly arrived companies find it particularly difficult to house their employees — including those based in Ireland and those arriving from overseas,” said the ACC. “They [the companies] also emphasised that the situation in Ireland requires more attention than in many other comparator locations.”