A new report shows there are three applications for every student bed on university campuses.
High construction costs means more accommodation isn’t being built.
This report, entitled ‘Funding the Future’, found accommodation in universities was oversubscribed by 29,773 applications for the last academic year.
This means there were three applications for every one student bed.
Those who miss out are forced into the private market, putting pressure on the rental market as a whole.
More student accommodation is clearly needed, but it’s estimated the cost of building a single en suite room in the greater Dublin area is over 200 thousand euro.
Over 11 thousand units within the student sector have received planning permission, but this hasn’t been activated because of the costs involved.
The full report can be accessed HERE
