Surging housing prices have led to several employees leaving capital cities, and as consequence, many employers have introduced staff housing benefits in order to attract and retain staff.
The rising cost of living being seen in several parts of the world at present has also resulted in soaring housing prices. A number of employees are now increasingly unable to afford living and working in capital cities such as London, Dublin and Amsterdam, which are all facing housing crises.
This has led to companies finding recruiting skilled talent much more difficult, without paying significantly higher wages. This is especially true for foreign workers, who are often not willing to leave their existing jobs and home country without a number of perks, which often includes paid housing.
Irish employers buy more housing for staff
Ireland’s housing crisis has been getting progressively worse over the past few months, with several Dublin companies experiencing dwindling employee numbers, as workers are forced to leave the capital due to rising costs.
According to Statista, in the second quarter of 2024, the average monthly rent in Dublin’s city centre was about €2,377. There were also only around 51,000 homes available for sale in Ireland in 2024, down from 63,000 in 2022.
