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How much more student accommodation does Galway need?

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  • 22-09-2019 3:42am
    #1
    [Deleted User]
    Posts: 0 ✭


    Has anyone seen figures about the amount of student accommodation that Galway is in need of? There seem to have been a lot of large new developments for students approved in the last few years.

    I'm just curious if there will be that much of a demand going forward especially given student numbers are going down (maybe foreign enrollments will go up?) or is this all just a stealth way to get summer tourist accommodation approved?

    When I went to college about a decade ago, people didn't want to live in campus accommodation past 1st or 2nd year because its so much more expensive and restrictive.

    Goldcrest beside Corrib Village opened less than a year ago and the new developments that I'm aware of that have been approved/are being built:

    Westwood hotel redevelopment

    NUIG Dangan development

    Couldn't find an article on it but I've been told the houses going in at the top of presentation road are for NUIG postgraduates

    Fairgreen road



    Seeking permission:

    Munster Avenue

    Beside cuirt na coiribe


Comments

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    #2
    JupiterKid
    Moderators, Social & Fun Moderators Posts: 12,571 Mod ✭✭✭✭JupiterKid


    Two words: tax incentives.

    Not based on real demand, and we were here during the property bubble years with tax incentive fueled apartments and holiday homes going up like wildfire in places like Leitrim, Roscommon and Mayo.


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    #3
    StonedRaider
    Registered Users Posts: 446 ✭✭StonedRaider


    Foreign enrollments has gone up.
    NUIG has circa 1000 students from India this new term


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    #4
    Snow Garden
    Banned (with Prison Access) Posts: 3,126 ✭✭✭Snow Garden


    StonedRaider wrote: »
    Foreign enrollments has gone up.
    NUIG has circa 1000 students from India this new term

    Correct, NUIG is taking in a huge amount of foreign students to balance the books. They pay through the nose.

    1000 from India alone - are you sure?


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    #5
    The Lost Sheep
    Registered Users Posts: 14,967 ✭✭✭✭The Lost Sheep


    Considering numbers who've had serious issues finding accommodation in past few years there is a considerable need for more flats/apartments for students.
    Yes some developments will be used in summer for tourists but from my experience it certainly is needed.


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    #6
    youngrun
    Banned (with Prison Access) Posts: 1,477 ✭✭✭youngrun


    JupiterKid wrote: »
    Two words: tax incentives.

    Not based on real demand, and we were here during the property bubble years with tax incentive fueled apartments and holiday homes going up like wildfire in places like Leitrim, Roscommon and Mayo.

    Not any more these are gone

    Massive amount going up
    NUIG has c 1050
    Westwood 394
    Barretts at Dock Road 350
    Swuite 50+
    Cuirt Na coiribe proposal 272
    Fairgreen 147

    Getting close to 2500 beds , probably more as well i missed

    Connacht laundry could be a good one but more likely apartments ditto Corrib GS

    Loads of students
    and frees up houses for workers /rental market
    are the main drivers

    Good profit margin too I am sure


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    #7
    Geuze
    Registered Users Posts: 13,066 ✭✭✭✭Geuze


    Given that NUIG has over 18,000 students, the city needs thousands more houses/apts of all types to satisfy demand and latent demand.


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    #8
    Geuze
    Registered Users Posts: 13,066 ✭✭✭✭Geuze


    JupiterKid wrote: »
    Two words: tax incentives.

    The former Section 23/48/50 tax reliefs are all gone now.

    Massive profits in student accomm.


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    #9
    Mr_A
    Registered Users Posts: 500 ✭✭✭Mr_A


    Loads of houses in the Renmore area that were formally student houses are now sold to families. Not sure if it's the same elsewhere but can see how there would be a lot of demand for new student housing.


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    #10
    what_traffic
    Registered Users Posts: 4,868 ✭✭✭what_traffic


    Mr_A wrote: »
    Loads of houses in the Renmore area that were formally student houses are now sold to families.

    Wonder has there been a similar effect in Newcastle? Does not seem to be as many students in Laurel Park any more compared to the past.


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    #11
    Mrs OBumble
    Registered Users Posts: 25,670 ✭✭✭✭Mrs OBumble


    Mr_A wrote: »
    Loads of houses in the Renmore area that were formally student houses are now sold to families. Not sure if it's the same elsewhere but can see how there would be a lot of demand for new student housing.

    Predictable effect of the govts policies .. landlords getting out of the business cos it's too hard.


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    #12
    t.singh1
    Registered Users Posts: 27 ✭t.singh1


    I have lived in Newcastle and Westside last year and I can safely say that they are populated by students. NUIG seems to admit lot of students each year especially from Asian countries like India and China. There is definitely a need for more student accommodation in the city.


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    #13
    youngrun
    Banned (with Prison Access) Posts: 1,477 ✭✭✭youngrun


    what_traffic wrote: »
    Wonder has there been a similar effect in Newcastle? Does not seem to be as many students in Laurel Park any more compared to the past.

    Not yet but there may be once the various new developments in the area come on stream


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    #14
    pure.conya
    Registered Users Posts: 904 ✭✭✭pure.conya


    youngrun wrote: »
    and frees up houses for workers /rental market

    the realist in me is inclined to believe the few properties available to rent on daft will remain pretty much the same while options on airb&b will rise


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    #15
    what_traffic
    Registered Users Posts: 4,868 ✭✭✭what_traffic


    t.singh1 wrote: »
    I have lived in Newcastle and Westside last year and I can safely say that they are populated by students. NUIG seems to admit lot of students each year especially from Asian countries like India and China. There is definitely a need for more student accommodation in the city.

    There is purpose built accommodation in Rahoon - Dunaras so would have many students going via Westside, but residential Newcastle seems to me not as busy as compared with 10/15 years ago


This discussion has been closed.
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