The new president of the Society of Chartered Surveyors Ireland has warned the housing crisis in Ireland's cities has now passed crisis point.
Andrew Nugent said housing shortages in several cities were forcing many people to buy or rent in commuter belts and had started to affect Ireland's international competitiveness as rents continue to increase.
He welcomed the latest report by the National Economic and Social Council on the rental sector especially its proposals to increase the supply of rental housing through more active land management and to carry out a detailed review of the cost of housing.
"We need a more stable rental market that provides certainty for both renters and landlords. By facilitating an increase in supply through a long term strategy we will be in a better position to meet our social housing requirements and also the needs of the increasingly mobile workforce, many of whom are employed by international companies located in Ireland".
Mr. Nugent, who's a chartered quantity surveyor said one of the key supply issues which had to be addressed was high construction costs.