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IT’S BAD NEWS for students going back to college in Dublin in the coming weeks as the battle to find somewhere to live starts up again.
A new study has found rent prices have risen significantly for accommodation near Dublin colleges, up by 7 per cent compared to the same time last year.
However the report emphasised the increasing difference between Dublin and the rest of the country with rental prices rising by 1 per cent on average across all other counties.
The average monthly rent is now €825, compared to €792 one year ago, while the average rent in Dublin is now €1,148 per month, according to property website Daft.ie’s quarterly rental report.
The average rent in Cork is €806 – an increase of 1.8 per cent – while the average rent in Galway is €792 (up 2.7 per cent). Limerick rental prices have fallen 0.2 per cent to €642 per month on average while Waterford has seen a drop of 2.7 per cent to €591 per month.
Economist Ronan Lyons said demand for accommodation remains strong in urban areas – especially in Dublin. “As a result, with properties shifting faster, students may feel more rushed when looking for accommodation for the year ahead,” he said.
However he noted that rents have remained around the same outside of Dublin, highlighting what has become a gaping disparity between property prices in Dublin – which have begun to slowly climb – and all other counties.
“This gap between Dublin and much of the rest of the country is a trend seen consistently over the last 12 to 18 months,” he said.
One of the biggest reasons for the rental price hike has been the drop in the number of properties available. There has been a drop of 43 per cent in the number of properties to rent in Dublin compared to one year ago, falling from 4,212 to 2,394.
The findings echo recent research by the Central Statistics Office which found that property prices have risen for the first time since 2008.
Map showing average rental prices. Click here to see it in more detail.
Note: Daft.ie is part of the Distilled Media Group. Journal Media Ltd has shareholders – Brian and Eamonn Fallon – in common with Distilled Media Group.
Read: Property prices are now half the price they were in 2007 >
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Brilliant. Now, when I fall asleep on the last Dart home, I will be woken up in Drogheda and not Malahide…
@Phil O’ Meara: I know of a man who intended to get off at Laytown and fell asleep and regularly ended up in Dundalk! But at least he was early enough to get a train back later!!
And while they’re at it, run a spur line from Skerries to the airport!
@Brian Hunt: extend the metro to donabate train station instead.
@Brian Hunt: Maybe Brian, we could move the Airport to Skerries for you!! Would you like that diddums ?
@Ollie Fitzpatrick: Meant to say Malahide!
We can extend the DART to Drogheda but not Dublin Airport – Only a few kms off the existing line – and instead have to spend billions on an unnecessary metro??
Madness!!!!
@Barry Sorensen: A monorail loop is the solution for that Barry. No tunnelling and can go along existing roads, well mostly!!
@Barry Sorensen: Metro is an absolute necessity, but we also need the DART to the airport. Having both would go a long way to easing pressure.
@Barry Sorensen: Don’t worry. “The Metro” is a fantasy and will never happen. Though greater Dublin as a city region of approximately 2 million should by now have about 3 metro lines like other cities of its size in more developed countries.
@Barry Sorensen: And where exactly would be the route from the present line to the Airport! How many houses etc would you have to buy etc!
Until there are more lines going into the city they are just tinkering around the edges. If they increase the DART frequency (which is planned) then there won’t be capacity for commuter/intercity trains which use the same lines.
@The next small thing: that’s exactly what I’m thinking! So we just switch from commuter to DART and our journey time is then EXTENDED..
@The next small thing: Seems to work jolly well for the South Soiders,
@The next small thing: it’s way more than tinkering at the edges. Whilst there are no extra lines, overall passenger capacity will increase significantly due to the electrification and other planned infrastructure upgrades. There will be one Belfast train per hour, which I think is what we currently have, so no adverse effect there
@Le Merchelant: Not really, 99% of the time from Malahide/Howth Jct the commuter train just crawls along behind a Dart all the way into the city centre so you shouldn’t notice much, if any, difference in journey time.
@SYaxJ2Ts: The overall numbers may increase but with DART’s running every 6 minutes then any intercity or commuter train will get delayed behind the DART. Unless the plan is to terminate the commuter trains at Greystones/howth junction and for passangers to change over to DART’s.
@Alim Seghu: Same issue on the south side line.
@The next small thing: you’re wrong. I suggest you read up on the project plan
@The next small thing: Its worse on the southside after Bray single track.
@The next small thing: Route planning and timing and train traffic control is something they have worked out in advance of anything else!
The Estate agents in Drogheda are only rubbing their hands together.
What about ticket prices? The difference in price from Drogheda to the city and Balbriggan to the city are crazy. I also don’t understand why the train is cheaper after 10am, it should be the other way around to help those going to work, not punish them.
Didn’t our government pass an essential infrastructure bill many years ago to reduce these projects being delayed. They have never used it, so we waste vasts amounts of money at each stage. Someone is profiting but not the public. Only in Ireland would we cheer loudly for a plan being submitted not the projects completion.
Yep typical as usual build anything but the metro! Even get a spur line to the airport and sword to ease the daily traffic jam but no hope
@Alan Boyd: Where would you put this spur line to the airport, which would be two lines wide plus the essential space required. Have a go on Google maps and see how you do!
The airport needs to be connected in the baddest of ways. 32m passengers….all by road….ffs….
@Grant Masterson: it’s hilariously embarrassing, when taken in context with any other modern airport to a reasonably small city like Dublin. So hard to get to.
Pointless when the frequency is so low. Why don’t you put a dart every 5 minutes in each direction every day of the week ?
@Alex: Read the Dart + plan and then comment!
And South to Gorey..
@Gerry Dornan: Then it becomes the WART ( Wexford Area Rapid Transit)
The article says the trains will run on batteries from Malahide to Drogheda but the are also going to electrify that stret h of rail?
@Oh Mammy: Yes, the first of the battery trains will start coming in to the country next year. The overhead lines will take longer than that. So the batteries will be an interim solution until electrification is complete. Same cars will be used.
Throwing a few km of electricity poles on an existing train line and building no new stations…Irish Rail’s ambition knows no bounds. The Chinese must be in awe
@yourname: Unfortunately, like most infrastructure projects in this country you are depending on private sector contractors to complete the task for TFA, not Irish Rail.
@Fr. Fintan Stack: “NTA
@yourname: Irish Rail is opening new stations regularly! Pelletstown is one example and there are others going on the southside of Dart + as well. Extra stations in Cork as wellQ!
@Fr. Fintan Stack: Irish Rail have the knowledge and plans NTA provide the money! It is a Quango and not required!
Forget the dart and metro just build luas lines everywhere and connect them together
This only increases the need for Transport Police!
Malahide must be protected from the Wildlings to the North!
Intercity trains from all directions should terminate in Drogheda/Bray/nNewbridge with a Dart connection to the city…time to act on the wexford line urgently as it’s landlocked.
@Ben dover: So that is great people milling around stations trying to get connections!
Not one ‘I hear those things are awfully loud?’ comments. For shame.
Sure extend it to Dundalk, Delvin and anywhere else that starts with D.
have your say