Jennifer O’Connell: Investors are salivating over student beds like they’re the new bitcoin

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Jennifer O’Connell: Investors are salivating over student beds like they’re the new bitcoin
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If Normal People’s Connell got his place in Trinity now, he’d be looking at €287 a week for a gold en-suite studio in a purpose built student accommodation block

In Dublin, where 61 per cent of student accommodation is in private ownership, three companies – Yugo, aparto and Fresh Student Living – dominate. Yugo has 3,050 beds across nine residences, accounting for 16 per cent of private student beds in Dublin. Here,changed hands for a total of €305 million over the past year, including a single deal worth €145 million on three student residences .

Students who don’t live near a third-level institution and can’t afford to pay the prices these places charge – and who don’t feel the need for their student experience to feature a private gym, cinema and conference room – are faced with a grim range of choices. They can commute long distances, as 17 per cent of students now do. They can look for digs or move in with a family member, if they’re lucky.

Providing students with somewhere to live shouldn’t be looked on primarily as a money-making racket for international investors

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