Rising rents make it increasingly difficult to find student accommodation

Rising rents make it increasingly difficult to find student accommodation

Much has been written in recent times about the need for more social housing in Ireland.

There’s little doubt it is badly needed but what of student accommodation?

Right now there are thousands of students either sitting or just finished sitting State exams with the hope of college and a bright future on the horizon.

However, just three months out from the start of the new academic year perhaps their biggest battle is not so much getting the course of their choice but somewhere to live near to it.

The rising cost of rent in Ireland, which is now above boom time levels in the capital, means that many students are being priced out of renting close to the college or institute of their choosing.

The number of students attending third level education has been on the rise now for several years but the amount of purpose built accommodation to meet this demand has remained virtually flat and accounts for just a very small percentage of the student population.

Even areas around colleges are now becoming the focus of families and working people who are forced to widen their search parameters due to the lack of available housing stock.

The fact that these people can take on a 12 month lease and are more often than not earning enough to cover the lease means they are a more attractive proposition for landlords and letting agencies.

So where does this leave the student renter? Facing an ever increasing battle for a small number of properties, particularly in urban areas such as Dublin and Cork.

It’s a battle that is set to rage once more in the coming months and one that could leave many facing long commutes or paying exorbitant sums on rent.

Let us know your thoughts on the situation…

  • Have your or your child had difficulty finding student accommodation?
  • Should the Government be investing in more on and off campus purpose built student accommodation?
  • As a landlord do you prefer to rent to families than students?

Have your say below…

There are 6 comments for this article
  1. Maria King Schiro at 10:47 pm

    As a Mature College Applicant obliged to withdraw from a College Offer 1 year ago, entirely due to Accommodation Costs?
    I am stunned that the Irish Government has not come to realize that, until Tax Incentives are given to Colleges, Corporations, and, land owners to Construct MORE student housing…
    We will witness increasing numbers of Foreign Students attending Irish Colleges, and, decreasing numbers of Irish Students Attending, here.
    This will diminish our Society.

    I say: Build MORE Dorm Rooms on College Campuses. Build Student Villages near Colleges, renting the rooms they offer, to Tourists, each Summer.

    We must stop losing Students, or, their Potential, to Foreign Shores.!

  2. Pingback: Rising rents make it increasingly difficult to find student accommodation – Rosalie Rodney
  3. STEPHEN at 2:12 pm

    Private Landlords are not a charitable institution, however, there should always be fairness in setting rents. A landlord needs to cover costs and make a small profit in order for it to be a viable prospect. There is little point in overtaxing landlords and then complaining that we should curb excessive rents. The Private landlords are filling the void for what is surely incompetence and bad planning by government departments.

    Students should perhaps seek the option of renting a room in a family home with no tax liability to the home owner. Another option could be for the students’ registration fees to be used towards accommodation costs.

    However, Third Level Students(Adults now) should endeavor to get to grips with their finances and give priority to Study costs, Roof over their head costs and maybe followed by their social expenditure.

    Intelligence and fairness all around is what is required.

  4. CharlesM at 12:49 pm

    If our glorious leaders in government took less tax there would be cheaper rents.. eg: For rent of 1100, in Lucan (on a negative equity property by 40%)
    I pay 400 mortgage and 110 in property tax, PRTB and management fees and 470 in income tax, USC and PRSI.. Who’s the winner here? I’m not and yet as a landlord I am vilified..
    I would happily reduce rents if I could pay off some of the capital..

  5. Pat Redmond at 12:38 pm

    Rent a room is a great solution to the student accommodation crisis. However, as utilities have to be included in the income tax free allowance for the rooms rented out, it’s a big obstacle for those considering entering the scheme.

    Long hot showers, all weekend heaters and lights left on all night are genuine concerns for the landlord because they can automatically tip the 12k tax free for the rented rooms straight into taxation! A mere one cent over 12k income and the landlord is automatically taxed on the full 12k , with an immediate 60% loss in tax. A nasty surprise that will ultimately give the scheme a bad name, just like Air BnB.

    An immediate removal of the utilities element from the 12k income cap will release dormant supply in one swoop.

    In their weekly popular money advice slot on RTE , journalists Jill Kirby and Karl Dieter called on the Minister for Finance to make changes. “How about it Miinister?” they asked. Over to him now: remove the utilities from income.

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