Sunday 18 February 2024

Hines student accommodation leases in Dublin jump to 51 weeks, at a cost of €13,620

Few in my years in college back in the 1990s could have afforded to pay for a de facto year long lease for student accommodation. These student units are being treated as mini apartments for the few. Planning conditions need to be tightened up on permissions and development plan policies around student accommodation planning requirements revised. Hines decision will cause all future student accommodation planning applications to be treated with suspicion by planners.

One of the biggest private student landlords in Dublin is increasing lease lengths for the 2024-2025 academic year, meaning students will now have to sign up for a 51-week tenancy, some 10 weeks longer than the typical lease for this year. This is despite the fact that many students living in the city during the academic year do not require accommodation over the summer months. The least expensive rate available for next year on Aparto’s website at the time of writing was €260 per week for a one-bed ground-floor en-suite room at its Dorset Point location in Dublin 1. Assuming constant prices, the longer lease means that student will be paying €13,620 for their room next year compared with €10,660 this year, a more than 27 per cent increase. The lease length, meanwhile, will have increased by 24 per cent, from 41 weeks to 51 weeks.

Read the full article @ The Irish Times

Article uploaded by BPS Planning & Development Consultants LTD

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