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Why is rent in Dublin so expensive? 25-05-2022 22:39 к комментариям - к полной версии - понравилось!


When you consider move to Dublin or London you try to find out rent in Dublin compare to rent in London. Not surprisingly, Dublin is home to the most expensive areas to rent in the country. Average rent in South County Dublin is EUR2,156 per month, followed by South Dublin City at EUR2,094 per month, Central Dublin at EUR2,016 per month and North Dublin City at EUR1,847 per month. Rents for houses outside Dublin average EUR695, or EUR660 for apartments.

Irish Rents have been rising steadily since 2013, particularly in Dublin.

Here is 10 reasons why:

1. Lack of supply

Stop building homes and eventually you’ll run out of them. We’re building houses at 1970s rates for a population that’s 55 per cent higher than it was in that decade. We’ve plenty of ghost estates – but they were built where they were not needed. Urban Dublin never had much of a problem with ghost estates. In comparison, Co Cork still has 130, and Co Donegal still has 64. No houses means nowhere to buy and nowhere to rent.

2. End of the living-over-the-shop scheme

This was an extraordinarily generous scheme that could have provided more rental accommodation where it was needed and brought new life to moribund town and city centres. Ireland’s urban streets are full of old empty upper floors. The scheme offered 100 per cent tax relief for the cost of converting spaces over shops into apartments. The take-up was abysmal. Buildings’ owners cited onerous regulations, and too few streets were included in the scheme.

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