Student rents fall by €1,000 compared to last year

Ireland“Typical student rents for the coming academic year have fallen by €1,000 compared to last year, according to a ‘back to college special’ snapshot of student accommodation costs by Daft.ie. The property website found that the average price paid for most types of typical student accommodation, from single rooms to five-bedroom houses, had fallen by double-digit percentages over the past year …” (more)

[Laura Slattery, Irish Times, 18 August]

Tags:

One Response to “Student rents fall by €1,000 compared to last year”

  1. PropertyGlasgow Estate Agents Says:

    There’s a bigger picture to be looked at than just the month-to-month cost of student accommodation. If students can BUY a property for their student years’ accommodation needs – perhaps with parents assisting with lateral security – then they could find themselves graduating not only with a degree but also with a substantial monetary endowment in the form of thousands of Euros in EQUITY in a piece of property.

    The fact that rents have decreased by about €1,000 a year is just a consequence of the correction in property prices we’ve seen recently.

    In stock market speak, what you should do is ‘sell the rally and buy the pull-back’. This means that now that property prices have fallen, the situation actually represents an ideal time to enter the property market by buying a property, even as a student.

    Irish Students attending Caledonian University in Glasgow or Strathclyde University in Glasgow or Glasgow University itself should seriously sit down with their parents and talk about the prospect of together buying perhaps a modest flat in Glasgow to address the accommodation needs for the student years. (which, incidentally will be a TAX FREE investment)

    Here at PropertyGlasgow, we’re well placed to advise Irish students and indeed all ‘foreign’ students coming to our city to study (and their parents) on how to go about buying a first property here. We know the city well and can give our honest knowledge about the various parts of the city that it would be appropriate to be buying into.

    To get a deeper understanding of the matter of students BUYING accommodation for themselves for their student years perhaps with parental lateral security go to our website

    http://www.propertyglasgow.biz/student_accommodation_glasgow/

    All the best,

    Francis
    PropertyGlasgow

Leave a Reply