Monday 20 August 2018

High-flying executives on six-figure salaries are driving 'Googleland' rent

With firms paying most of their staff's living expenses, some tech workers can afford to spend half their salary on rent

Mr Reilly says the market in prime locations around Dublin is driven by these big earners. Stock image
Mr Reilly says the market in prime locations around Dublin is driven by these big earners. Stock image
Niamh Horan

Niamh Horan

Young high-flying executives on salaries of between €100,000 and €200,000 are driving up rents in prime locations in Dublin city centre.

In the last 12 months, estate agent Owen Reilly has seen a trend of cash-rich foreign executives becoming the dominant renters in Dublin's docklands.

Speaking to the Sunday Independent this weekend, Mr Reilly said: "We have started to work more with high-earning executives with the types of salaries we haven't been used to dealing with before. Some are making €150,000-€200,000. They are not Irish - they are coming to Dublin to work and they are looking to rent rather than buy.

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