The Q3 2019 progress report shows 8,229 PBSA bed spaces had been completed since the launch of Rebuilding Ireland; 5,254 further bed spaces were under construction; 7,771 additional bed spaces had planning permission granted; and 2,395 were at the planning permission application stage.
The National Student Accommodation Strategy (NSAS) complements the initiatives being taken by the Housing Minister to increase housing supply under Rebuilding Ireland.
Eight key targets and 27 actions are outlined which are designed to support the delivery of an increased level of supply of purpose-built student accommodation (PBSA) and an increase in take-up of digs accommodation.
The target as set out in the NSAS is the provision of 7,000 bed spaces by end 2019 and a total of 21,000 additional PBSA beds by 2024.
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As of the end of 2019, the NSAS projects in development or completed combine to a total of 23,649 PBSA bed spaces, demonstrating strong growth in the sector and enhancing the mix of accommodation available to students during a time of accommodation shortage in the general rental sector.
The Minister of State for Higher Education Mary Mitchell O'Connor TD said: "I am delighted that we have met and will exceed the targets for end 2019 as set out in the National Student Accommodation Strategy. In the last three years more than 8,000 new bed spaces for students have been delivered, this is an important step in enhancing the availability of accommodation for students. There is still work to be done, and we will continue to work with the sector to increase our supply of student accommodation.
"Quality and price of accommodation must go hand in hand with the increased level of supply, and we are working to address these areas. Rent predictability measures now apply to students living under license in student accommodation for the first time, and those students now also have recourse to the dispute resolution services of the RTB."
The Minister of State for Housing and Urban Development, Damien English TD added: "I welcome the news that the 2019 goals for the NSAS have been surpassed. With our third level population continuing to grow, having a strong pipeline of student accommodation projects moving through the planning system and on to construction and occupation is crucial in freeing up space in the wider rental market. These Q3 figures show that the strategy is working to increase our supply of purpose-built student accommodation."
(CM/MH)
