There are almost 40% fewer Irish properties available to rent compared to this time last year according to the latest quarterly Rental Report by Daft.ie. Nationally, rents have risen by over 10% in the space of twelve months with the national average rent now €915 compared to €825 a year previously.
Rents rose in every county, bar Donegal, and all city centres experienced rise
of between 3% in Waterford and 17% in Dublin. There are now 6,800 properties
available to rent across the country, down from 11,000 in August 2013.
Domhnall McGlacken-Byrne, TCD Students' Union president, in a commentary in today's report added: "These abstract figures are easiest considered in the context of their translation to students' lives. A 15% increase for the student formerly paying €500 a month for his or her share of a Dublin city centre home corresponds to €75 that must be conjured from somewhere: for example through a few extra evenings a week spent working a part-time job instead of studying.
To think further downstream again, well-publicised doubts cast on the supposedly diminishing quality of the Irish graduate, by job-generating multinationals such as Google, come to mind: hours spent commuting or working on the side are hours lost from the library and lost from the lab. How can grades be expected not to decline, mental well-being not to suffer, all-important retention rates not to be damaged? One ultimately sees the far-reaching ramifications of these economic developments on the quality of the product of our higher education system, a product on which collective hopes for economic recovery are pinned."
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