It’s claimed the imminent introduction of student accommodation in Clare won’t drastically shift the dynamic of the county’s rental market without a continuous influx of supply.
It comes as the findings of the latest Daft.ie quarterly report into the rental market has found the average monthy rent in the county for those moving into a new property has risen over 7% in a year to €1,529.
95 student beds are set to come on stream in Phoenix House in Shannon, which has been touted as having the potential to free up close to 20 properties on the rental market.
Economist at Trinity College and author of the report, Ronan Lyons, has been telling Clare FM’s Darragh O’Grady, that although it’s a good first step, more projects of this kind are urgently needed in Clare.
You can listen to the full interview here:
