News & Media

Colleges using accommodation crisis to make a quick buck

6 February 2020

Statement by Aodhán Ó Ríordáin TD
Spokesperson on Education, Enterprise and Trade

Labour Party Education spokesperson Aodhán Ó Ríordáin has said that proposed 12% rent hikes for student accommodation in UCD are unacceptable.

Senator Ó Ríordáin said:

“Third-level institutions across the country are using the housing crisis as a way to make a quick buck.

“The housing crisis we are now facing is becoming a prevalent feature in Irish society and these student accommodation companies are exploiting this crisis to charge extortionate accommodation fees.

“We know through media reports today that UCD are raising prices of college-owned student accommodation by 12% over the next three years. It is completely unacceptable to expect students and their families to pay between double and triple the annual college fee upfront for student accommodation.

“Labour’s proposal for State-led developments would mean providing affordable student accommodation and would take the seasonal pressure off the rental market. Students should not have to spend their entire summer struggling to find an affordable option for accommodation but should be taking time to get ready for the academic year ahead. They, like all renters, deserve certainty of tenancy and affordability.”