Those being pummelled by the cost of rent are living through a form of austerity, their take-home wages and disposable incomes decimated
The number of Irish citizens leaving the State between April 2023 and April 2024 was 34,700. Photograph: Lisa Maree Williams/Bloomberg/Getty Imagescomes around quickly. It has its own form of repetition; the rituals, gatherings, meet-ups, traditions. One is the annual flurry of video clips ofreturning home. I’m a sucker for these tender arrivals-hall scenes. Behind them is the story of a legacy of emigration embedded in our national psyche.
The reality remains that there is no choice in the Irish “market” when it comes to renting. What’s available is overpriced. Supply in and of itself is not the answer. Affordable supply is. It’s pretty obvious that build-to-rent apartments now make up a large part of the private rental market, and do not have enough people on high wages to fill them. Last month, Killian Woods of the Business Postcoinciding with “Black Friday”.
Last July, the president of the Union of Students of Ireland, Chris Clifford, spoke about student accommodation costs being driven up by private developers. “They just want to squeeze as much money as possible from students and know how desperate many students are because of the housing crisis. Yet again, we call on Government to publish the long-awaited Student Accommodation Strategy urgently.”, almost 26 per cent higher than the EU average.
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