There is to be no let-up in rental costs for students in third-level institutions this year, despite the Covid-19 pandemic – with students in Dublin hit hardest in the pocket, paying at least €2,200 a month for a three-bed close to five of the major colleges.
That is according to the Daft.ie Student Housing Report, which showed that a house close to Trinity College cost €2,756 to rent; UCD €2,737; Dún Laoghaire Institute of Art, Design and Technology (IADT) €2,557; Technological University Dublin (TUD) €2,479; and DCU €2,210.
Those were average rents for three-bed properties within 2km of third-level institutions, Daft said.
Across Dublin, Cork, Limerick and Galway, there is an estimated need for over 50,000 student homes, it added, which would increase to 64,000 over the coming decade.
Assistant professor in economics at Trinity, Ronan Lyons, said: “With unemployment soaring, surely rents should be falling? It seems that rents
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