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IT’S BAD NEWS for students going back to college in Dublin in the coming weeks as the battle to find somewhere to live starts up again.
A new study has found rent prices have risen significantly for accommodation near Dublin colleges, up by 7 per cent compared to the same time last year.
However the report emphasised the increasing difference between Dublin and the rest of the country with rental prices rising by 1 per cent on average across all other counties.
The average monthly rent is now €825, compared to €792 one year ago, while the average rent in Dublin is now €1,148 per month, according to property website Daft.ie’s quarterly rental report.
The average rent in Cork is €806 – an increase of 1.8 per cent – while the average rent in Galway is €792 (up 2.7 per cent). Limerick rental prices have fallen 0.2 per cent to €642 per month on average while Waterford has seen a drop of 2.7 per cent to €591 per month.
Economist Ronan Lyons said demand for accommodation remains strong in urban areas – especially in Dublin. “As a result, with properties shifting faster, students may feel more rushed when looking for accommodation for the year ahead,” he said.
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However he noted that rents have remained around the same outside of Dublin, highlighting what has become a gaping disparity between property prices in Dublin – which have begun to slowly climb – and all other counties.
“This gap between Dublin and much of the rest of the country is a trend seen consistently over the last 12 to 18 months,” he said.
One of the biggest reasons for the rental price hike has been the drop in the number of properties available. There has been a drop of 43 per cent in the number of properties to rent in Dublin compared to one year ago, falling from 4,212 to 2,394.
Map showing average rental prices. Click here to see it in more detail.
Note: Daft.ie is part of the Distilled Media Group. Journal Media Ltd has shareholders – Brian and Eamonn Fallon – in common with Distilled Media Group.
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Ah now, Frank, you’ll have to learn that while you’re half right, so is Sinéad. There are some Heads of State (e.g. France and Lithuania) who attend these EU events instead of Heads of Government, depending on the particular country’s laws.
So they should be referred to as “heads of state or government”. The Queen of England has never been at an EU summit. Our Head of State is Michael D Higgins and he hasn’t been to one either. My point is about accuracy
While their gesture is to be commended their economic policicies in other regions and countries are killing and starving other citizens of the world hypocrisy at it.s best
There not spending with in their means their spending everybody elses means to keep them in over inflated wage packets and if nobody is starving why are there soup kitchens popping up all over the place st vincent de paul.innundated with request cappuchin centre over ran with people looking hand outs and as for your hyperbole stick it where the sun dont shine as for bar room rhetoric very seldom frequent them so stick your assumption also where the sun dont shine
How touching. Meanwhile they wage war on their own citizens. Hitting the blind and handicapped through austerity in their own backyard. You would think it was their own money being put to a good use. Oh no they’re far to clever for that they’ve always someone else’s money for good causes.
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