Words: Eva O’Beirne
Spotted on Twitter this week, the garage space was described as “ideal for a couple”.
A “studio apartment” in Knocknacarra, Galway was advertised on Facebook this week for 950 euro per month. With no oven and an IKEA pull out bed in the living room, the most attractive thing about this space is maybe the Chromecast on the TV and the “new electric heaters”.
One Twitter user browsed through the landlord’s profile to see if they rented any other properties to tenants and spotted the previous price of the converted space: “Clicked through their profile and it looks like they were advertising the same space for 800 last August. Just a casual 18.75% rent increase for a fold down bed monstrosity.”
Another account pointed out that the landlord likely pays no tax on this venture due to the “rent a room scheme”.
According to a report by Daft.ie, Dublin market rents rose by 10.6 per cent year to an average of 2,102 euro per month, while in Cork and Galway rents rose by 10.2 per cent and 13.8 per cent to an average of 1,607 and 1,585 euro per month.
According to Daft, the average monthly rent nationally now stands at at 1,567 euro, up 11.7 per cent or 160 euro from 2021.
This is more than 50 per cent higher than the Celtic Tiger peak of 1,030 euro per month, seen in the first quarter of 2008.
Elsewhere on District: Respected chef on why restaurants are suddenly extortionately priced