herald

Monday 21 August 2017

Students in capital face 7pc rent rise

STUDENTS heading to college in Dublin this year face an increase of more than 7pc in rent costs.

This morning tens of thousands of students woke to an offer of a college place, but it's not going to come cheap.

Those who have to move out of home will be paying up to €1,000 a month in rent. In particular students who move to the capital will be house-hunting in a market where prices are rising steadily, according to Daft.ie.

The website revealed that nationally the average rent is €825, compared to €792 last year.

RISEN

Fuelling the rise in Dublin rents was a 43pc drop in the number of properties to rent: 2,394 at the start of this month, compared to 4,212 last August.

"Demand for accommodation remains strong in urban areas, especially in Dublin," Daft's Ronan Lyons said.

"Outside Dublin though, rents are in line with the levels charged last year."

Prices have risen yearly in Cork and Galway by 2pc and 3pc respectively, while staying stable in Limerick and falling by 3pc in Waterford.

hnews@herald.ie

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