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High house prices stop workers moving to Dublin

Words: Laura Edgar
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Research carried out for regeneration and property developer U+I suggests that Dublin’s housing crisis is hampering efforts to recruit and retain workers in the city.

The company commissioned Behaviour and Attitudes Market Research to compile the Housing Availability, Recruitment and Retention in Dublin report, which includes the views of more than 100 people involved in recruiting for large-scale Dublin-based organisations within the finance, tech and digital sectors.

The survey found that a steady supply of well-paid, high-quality jobs was cited as the main attraction of working and living in Dublin, with the quality of education and public transport also mentioned.

However, 78 per cent said that the high cost of accommodation was the main barrier to recruitment in the Irish capital.

The second most cited barrier was the limited availability of suitable accommodation, at 26 per cent. Poor-quality public transport and poor quality of accommodation were cited by 16 per cent of respondents.

Three out four people surveyed said it had become more difficult to recruit workers to Dublin over the past five years because of accommodation issues.

Matthew Weiner, chief executive at U+I, said: “Diversity, next-generation talent and creativity are essential ingredients for a thriving modern city and the housing market needs to adapt and respond to ensure that Dublin maintains a competitive labour market and vibrant culture.

“The results of this research and other reports we have recently commissioned show, quite clearly, that consumer and lifestyle habits are changing. Young people in particular are living increasingly compact, experientially driven lives, looking to live and work in city centres.”

He suggested the firm’s Compact Living model as an option to ease the housing issues in the city. The units are self-contained and only available to rent. Additionally, “thoughtful” mixed-use regeneration, in partnership with public sector bodies is also required.

The report can be found here on the U+I website (pdf).

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