High Cost of living, 60% of income is spent on accommodation; the number of homeless people increasing day by day

Dublin: The city was ranked fifth on a list of 51 global cities last month by a survey of 13,000 foreigners, but now Ireland, a favorite destination for foreign tourists, is missing out on long-term visitors.

According to a survey by World First, an international payment agency based in Luxembourg, Ireland is missing out long-term visitors due to a variety of accommodation-related reasons.

The high cost of living in the city and the difficulty of finding a place to stay are some reasons that makes the visitors to turn their back on Ireland. According to the survey, Ireland is the only European country where high rents exist.

The average monthly rent in central Dublin is 1,819 ($ 2,155), according to the Daft website recently. This is 60 percent higher than the average tax-free income in Europe and the rents across the city rose 12.3% by September.

This is 23% more than the Celtic Tigers time of 2008. Housing fair and rents are so high that even well-paid employees are forced to leave their homes in the city of Ireland.

New figures show that up to 60% of most single-employee’s family salary have to relocate on rent.

While there are many ways to move against rent increases for no apparent reason, there is a widespread tendency for the ‘decent immigrants’, including Malayalees, to look for a higher priced home next door and end up in buying a home with higher cost.

It is estimated that the highest number of immigrants in Ireland bought their homes in the worst-case scenario due to market volatility.

The number of registered homeless people in Dublin has quadrupled in the last thirty years. Teo homeless people have died on the streets last week.

The housing crisis is said to be ridiculous for Ireland, which is waiting to take advantage of its business potential in the context of Brexit.

Threshold, a housing aid organization, says many foreign companies are being contacted for help in order to find a house for migrant workers.

Experts estimate that 50,000 new units are needed each year to alleviate the housing shortage, but according to Goodman Stock Broker, in 2016, only 5,377 new private manufacturing units were completed.

There are many reasons behind this market failure and one of them is the concern of banks. Ronan Lyons, an economist at Trinity College Dublin, says Irish construction costs are 40 percent higher than in Amsterdam. Thus, a lot of developers are forced to withdraw.

But the allegation that the government has also failed to think of an urgent plan to build more houses is strong. The center-right government in Ireland is trying to downplay the housing problem.

Prime Minister Leo Varadkar recently said that Ireland’s homeless figures were “excellent by international standards”, but critics said the observation was baseless and outdated. However, observers say that underestimating the scale of the problem is a dangerous tactic of Varadkar.

According to political sources, the housing crisis and health issues will be the main campaign weapons in the next elections.