Creating these kinds of situations where higher education is becoming more out of reach for those in the squeezed middle and at even lower socio economic levels is no accident. What we are seeing is a purposeful perpetuation of the haves and the have nots in order to consolidate power and money for the select few. The rest can just go to hell and give up their hopes of doing better in life than a basic wage job where more and more are fighting for fewer and fewer jobs; where the pay will be a race to the bottom, and working conditions will become worse so that those at the top can continue to line their ever expanding pockets off the misery of the majority.

The carefree attitude allowing these huge percentage increases in prevalent throughout the rental sector. It is obviously a situation out of hand and despite Varadkar proclaiming it an emergency absolutely nothing is being done. Inaction bordering on criminal negligence.

Would love to know who is financing this project. One of our beloved state banks?

It is sickening to think that students and there parents have to pay through there nose to try educate themselves and get a good start in life and the Gov. sits by, yet if all these students never went to college/applied themselves and just turned up at the social office they’d get dole a medical card , rent allowance and eventually a council house.. than the same gov would hand them back to education allowances etc. High time a higher percentage of the gov budget is directed towards people who want to better themselves and not just those with the hand out doing nothing.

Where does the money go if these are purpose built accommodation for students.What a government looking after the future of this country what with fees, incurance, and accommodation price hikes.

Surely this is well over the rent cap they brought in, which has basically not been enforced at all.

For a country that sells itself as having a well educated local workforce, we aren’t helping ourselves by pricing students out of further education. We are going down the American route where third lvl education is now a business and not a benefit to the country.

A clear example of a publicly needed service being privatised.
Will not be a big issue with Leo and the hipsters, the media battery chickens of PK and Rourkey spout all day long The Private Sector will drive down costs,the wealth creators, creating ruthless efficiencies, give it to the private sector and they’ll show you how its done. I want kids in college who’s going prescribe my meds and mind us when we’re old, fix my car, cook etc. Lost 6K myself to a dingy digs provider for daughter with all the compassion of a knife.

Not to be confused with the private sector workers who are being equally as screwed by this setup. Compassion is the natural enemy to profit.

We need to do more for the small landlords. Somebody who has been left a house, who decides to rent it out will pay over 50% of the rent on taxes, regardless of other incomes, coupled with the fact that laws favour bad Tennant’s, a landlord could be 2 years without rent by the time the eviction of non payers is complete. Students who have mammy and daddy paying rent will not look after a house and may just party causing damage so hence higher risk with students so higher rents.

With all mentioned above you can’t blame people using short term rents.

In the past student accommodation had to be priced more keenly because many students rented houses from private landlords. Through a series of disastrous policy decisions the Government has made many small time landlords leave the sector with consequent impact on rental supply. The aim being to professionalize the sector -well this is what professional sectors do – they hike up rents to the maximum they can get away with because they answer only to their shareholders.

Keep in Mind that the professional tenements that FG wants are also not going to be regarded as permanent accommodation. By setting 1k as average student rent for a single room a month they can charge the professionals more.

The only rooms more expensive than 1k a month are the hotel rooms that help with kickbacks to private enterprise for exploiting homelessness for profit.

Think of any other sector where a 27% hike is even conceivable- you cant; and that explains why FG will never, never, do anything about individuals like these students, and countless families of course, being in crisis. It’s just too damn profitable for their buddies. I’d like to think the lesson these youngsters are getting in the realities of rentier capitalism will inspire them to change our rotten little state in years to come but the fact that they come from relative comfort or they wouldn’t be at UCD implies they’ll go the traditional Irish route from exploited to exploiter; in a decade some will be landlords (on interest-only buy-to-let mortgages) and more will be employed by the banks and REITs who are the Blueshirsts’ masters. This is the worst of it; because people are ripped off themselves they feel entitled, impelled, to rip others off later and vote for the hard right parties- there’s nothing ‘center’ about FG or FF- that keep the exploitative merry-go-round going. It’s up to the permanently uncomfortable, the class who can’t dream of supporting kids at college, who can’t think of even having kids until they’ve sacrificed their best years on the alter of bankster, developer and landlord greed, to smash the circle of abuse. Vote socialist!

Absolutely disgraceful conduct

Foreign investors pension funds

I remember in the early 2000′s that students were paying €100/130 a week to share a pokey bedroom in Dublin. Tiny living area etc. all shared by 4-8 people.
Adjusted for inflation, those DCU prices don’t seem too bad.