MHK says this is making it harder for people to buy a home
With bank interest rates at record low levels, property has become one of the most sought after areas for people looking to invest.
Arbory, Castletown and Malew MHK Graham Cregeen says this is just one of many factors making it increasingly difficult for people to purchase their own home.
He says he's seen some houses on the new estate being built in Ballasalla already on the market to rent:
Vote on Castle Rushen High School funding 'very unlikely' before election
It had previously been hoped Tynwald would consider the plans in June
Ramsey Commissioners to host public meeting about cottage hospital
Commissioner Juan McGuinness says residents deserve 'clarity' about ongoing situation
DfE provided more than £250,000 to MT to assist with below ground fibre installations
Minister says figure was to ensure premises deemed not commercially viable could be included in rollout
Man given suspended sentence after importing 2kg of cannabis to Island
37-year-old was found guilty at trial