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Study Reveals Cost of Dublin's PBSA

Posted by Richard Ward in ,

Image courtesy of Flickr, Creative Commons

A new study suggests that less than 7% of purpose-built student accommodation developed in Dublin since 2016 is available for less than EUR 840 per month.

Whilst the government announced that 6,691 beds have been built in Ireland since 2016, as part of its National Student Accommodation Strategy, more than 80% of these new beds have been built in Dublin.

In a statement released by the Minister for Higher Education, Mary Mitchell O'Conner said: "I welcome the continued increase in availability of student accommodation."

She added: "The National Student Accommodation strategy was designed to increase supply and so assist in moderating rental costs for students. As the figures show the strategy is working and we are on track to exceed the target set at the outset."

But of the student accommodation developed in the last three years, just Liv Student and Swuite Student advertise rooms for less than EUR 800 per month.

Laura Beeston, the President of Trinity College Dublin Students' Union, called the figures "unacceptable".

Government data shows that more than 95% of Dublin's PBSA developed since 2016 is run by private companies. However, new legislation introduced by the government means rent increases for student accommodation will now be capped at four per cent a year, after changes to the Residential Tenancies Act.

Licensed student accommodation will now be classified as rent pressure zones. The changes will also ensure that students in licensed student accommodation will have access to dispute resolution mechanisms under the act.