Housing crisis risks economic growth, warns business leader

Grant Thornton boss says a third of job offers to international applicants had been turned down due to lack of accommodation

Lack of available accommodation is deterring international workers from accepting jobs here

Ireland’s housing crisis is beginning to restrict the country’s economic growth, as multinational firms struggle to convince staff to take up jobs in professional services here, a senior business leader has warned.

Michael McAteer, the managing partner of Grant Thornton Ireland, said that up to 30 per cent of the international recruits that his firm offered contracts to last year turned down the job due to the housing shortage.

“We continue to offer positions to people who accept them. But when they go and research the market to come and live here, we’re probably getting a 25 to 30 per cent cancellation rate,” McAteer told the Business Post.