The national housing fund CFV has found from its research that housing corporations are building around 12 per cent fewer homes for rent and this is also expected for the next 5 years.

The reason why they are building less is the maintenance and the management of the properties has risen and there for leaving them with less money to spend, they also now have to pay corporation tax which is also eating in to their spends. Which is said to total around 500 million Euros this year?

The costs for renting the property cannot be passed on to the clients as that rent rises to line with inflation.