Multinationals have considered buying out entire housing estates to accommodate their workers due to the housing crisis, an Oireachtas committee has heard.
Speaking at a Joint Committee on Enterprise, Trade and Employment, Ian Talbot, chief executive of Chambers Ireland, says while businesses are fit for growth, they are being held back by a lack of talent, lack of housing and lack of infrastructure.
He added the country’s planning system is failing the business community and wider society.
Ian Talbot says the housing situation is having a huge impact on businesses:
"Lack of available talent, which is driven by affordable and appropriate housing in unavailable across most the country, with a small number of exceptions.
"Our chambers list housing as the main cause, their businesses challenges, which highlights how important it is for us to achieve the goal of sustainable cities and communities."
Latest figures from the Department of Housing show there's record levels of homelessness for the seventh month in a row.