Housing

Firms buying up homes in attempt to secure workers as housing crisis deepens

The trend has become apparent amid huge labour shortages and a paucity of affordable rental accommodation

Several companies have told the Business Post they have acquired significant portfolios of homes, which they are either renting to employees at subsidised rates or allowing them to live in for free. Picture: Getty

A series of companies and small businesses are buying up homes across the country in a bid to ensure that their workers can access accommodation due to acute labour and rental shortages, the Business Post can reveal.

Several companies, who have spoken to the Business Post on condition of anonymity, have described how they have acquired significant portfolios of homes, which they are either renting to employees at subsidised rates or allowing them to ...