Landlords target white-collar workers over students
Published 19/08/2014 | 02:30
Young professionals are moving back into student accommodation as Dublin's rental market tightens its grip.
According to housing experts, landlords around the capital are targeting new white-collar workers, married couples and wealthier tenants to the exclusion of students.
"Apartments that were generally for students have gone to young professionals," said Kieran Harte, marketing director at Daft.ie, Ireland's biggest property site. "It's a definite trend and it has played a huge role in student properties coming off the market."
According to Mr Harte young professionals, who are also struggling to find affordable homes, are more economically appealing to landlords.
"They're looking for the same sort of accommodation because it's all they can afford, but workers will pay a 12-month tenure instead of a nine-month contract for the academic year," said Mr Harte.
Edward Thurman, Co-Founder of CollegeCribs.ie said: "Dublin is where the jobs and the opportunities are for young people so more are moving to the city to find work and this is pushing students out."