A new report has been published outlining the effects of the housing crisis on the economy.

Sinn Féin representative Louise O'Reilly TD responded to Ibec's 'Better Housing, Better Business' report, citing it as evidence the housing crisis is damaging the economy as well as society.

Teachta O'Reilly said: "The report outlines how the crisis housing is 'becoming the critical barrier to the continued growth and development of business investment' and 'has increasingly become a concern in relation to cohesion in the workplace and society more broadly'.

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"Reading between the lines, the report is an excoriation of government policy and failure to date in relation to housing.

"The criticism from Ibec comes on the back of similar critiques from organisations such as The National Competitiveness and Productivity Council (NCPC), who previously pointed out the damage the housing crisis was having on our economic competitiveness and productivity.

"This government, like its predecessors, are caught in an ideological quagmire in terms of housing policy, and only a change of government, and change of Housing Minister, will truly address the housing crisis for the betterment of society and the economy."