Lack of student accommodation in Dublin at 'absolute crisis' levels - USI
Massive 232-bedroom student complex proposed for Dublin
A massive development of student apartments has been proposed for Dublin’s city centre, but this will only be 'the tip of the iceberg' in meeting demand, the Union of Students in Ireland has warned.
The 232-bedroom development on Dublin's Church Street is currently in the planning stages. It will include a takeaway cafe with outdoor seating, a gym, social space, and a pool room..
Currently, Dublin is home to more than 80,000 full-time students in higher education.
But there are fewer than 3,000 purpose-built student bed spaces in the city.
The majority of students are forced to rent expensive houses near university campuses while they study.
Laura Harmon, President of the Union of Students in Ireland said the student complex on Church Street would be “only the tip of the iceberg” in tackling the overall problem of student accommodation in the city.
“It’s my general feeling that [the new development is] a good thing for students. There is an absolute crisis at the minute."
“It’s a small way in tackling the problems,” she told Independent.ie.
“There’s a huge deficit for student accommodation in Dublin at the moment.
The number of incoming students rose by 13 per cent last year, and Ms Harmon believes that the government needs to take action.
“There was a 13 per cent rise in incoming students last year. With student numbers in Dublin rising year on year, there is a need for the government to take action."
“The estimated cost for one student is around €10,000 per year and with accommodation prices rising it’s a real crisis," Ms Harmon said.
“There needs to be a government-led response,” she said.
Experts at real estate firm Knight Frank recently revealed their prediction that foreign and Irish investors will invest as much as €250m on student property in Ireland between now and 2019 - as they seek to take advantage of an underdeveloped market. Dublin is said to benefit the most.