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:
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