01 Jul 2022

Student digs needed as new college year looms

Student digs needed as new college year looms

The Union of Students in Ireland (USI) will flyer 100,000 homes across Ireland this week to promote the digs for students website calling on homeowners to rent spare rooms to students and avail of up to €12,000 in tax-free rent per annum.

This step-up in marketing of comes in conjunction with the leaving cert results coming out today and CAO Round One offers being issued on August 22nd. The USI said this is a short-term solution to the lack of accommodation and they are asking the public to lease out spare rooms to help with the crisis.

USI President, Annie Hoey, said they will be targeting homes across the country that are in close proximity to colleges –

“We will be targeting houses located close to colleges across Ireland that have spare rooms.” Annie Hoey, USI President, said. “On the 1st August there were only 87 rental properties in Cork city – 1,000 less than there was the same day six years ago. The flyers will be a direct marketing means to inform the public on how bad the rental crisis is and how much money they can make from renting out spare bedrooms to students. Leasing out spare rooms is a very straight-forward process, especially for parents whose children have flown the nest, or who are attending college the other side of the country. The average cost of college per child is €11,000 annually and leasing out a room to a student will greatly help with this cost, as you can make up to €12,000 annually tax-free.”

USI said digs is a ‘win-win’ for students and homeowners — students have all of the positives of living in a homely environment, and homeowners can make money tax-free by simply uploading pictures of the spare room(s) with a brief description and monthly cost. Anyone interested in renting a room can do so on with the process taking about five minutes to complete.

On the 22nd August the first round of CAO offers will be sent out to young people across Ireland. Second round offers come out on the 31st August and USI said they hope to have a few more hundred people signing up to the ‘digs’ website by then to accommodate the increasing numbers of third level students across the country.

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