Housing is now the biggest concern for businesses located in the capital with Dublin Chamber urging the Government to do more to tackle the crisis.
The business group, which has over 1, 300 member companies, has called for a doubling of public investment in housing construction in urban areas. The call comes after a new survey it commissioned found that 71 per cent of its members sees it as the greatest challenge to their business.
"Businesses need decisive action to address the crisis through construction of purpose-built affordable homes in a large scale in Dublin and other cities," said Dublin Chamber director of public and international affairs Aebhric Mc Gibney.
He said the availability and affordability of accommodation remains the most immediate threat to cost competitiveness in the Greater Dublin Area.
According to the chamber’s survey, some 50 per cent of members cite traffic congestion as another major challenge, with 40 per cent expressing concern over a lack of infrastructure.
“If Dublin is to maintain its international competitiveness, and its reputation as a great place to live, study, visit and work, then it needs to tackle the housing and infrastructure challenges head-on,” said Mr Mc Gibney.