All seven of Ireland's universities will be increasing their rents for campus accommodation for the coming academic year, with increases between 2.5-9.8%.
On average the University College Dublin (UCD) will increase rents by 7%, whilst the college's Belgrove and Merville residences on the Belfield campus in Dublin 4 are both rising from EUR 6,247 to EUR 6,607 for two semesters. Meanwhile the price of its Blackrock residence will rise to EUR 5,896, up from EUR 5,746.
According to University College Dublin the price increases are to fund the continued capital refurbishment and new build programme to provide for further student accommodation on campus, and that the costs of which are benchmarked against the private sector and other purpose-built student offerings.
Over the last three years, prices have increased by a massive 37% on average across all five UCD residences.
Meanwhile Trinity College Dublin will see its rents increase by an average of 6%. The oldest building, Rubrics, will see its rents rise 3.75% to EUR 4,549, while Goldsmith Hall will also rise 3.75% to EUR 5,442. The more expensive Botany Bay, Front Square and New Square residences will be increased to EUR 6,010, up from EUR 5,246.
Rising rents are a problem for all involved in the accommodation sector not just students, but the Union of Students in Ireland have called the price increases a worrying trend. There are concerns over the possible impact they could have on students and their families and the additional pressure it creates.