Student apartments are already coming on stream for next term at prices greater than €900 a month for one-bed units, which are more expensive than mortgage repayments on many family homes.
The Students’ Union has refused to endorse a new student accommodation complex on the Western Road, saying the prices are “far too high” to promote to students.
UCC Students’ Union President, Martin Scally, said: “We don’t want to see students having to fork out outrageous rent costs for accommodation.”
The new development on Western Road, Amnis House, is in the final stages of construction and rooms have already been made available online.
The cheapest of the rooms, a standard ensuite located on the ground floor of the new complex, will set students back €210 a week.
For that, students will get an ensuite room with a double bed, storage space, and access to a shared kitchen and lounge.
The larger classic and premium ensuites will cost students €220 and €225 per week.
These rates are subject to a 38 week contract, with students forking out between €7,980 and €8,550 over the term.
Meanwhile, 37 week leases in UCC-owned Castlewhite apartments and Victoria Mills student accommodation will cost €4,958 and €5,550 respectively, including bills and utilities.
UCC Students Union President Martin Scally revealed to the Evening Echo that the union were initially asked to promote the new student accommodation, but felt the asking price was far too high and so declined.
“We have seen an increase every year in rent for student accommodation, and have seen other colleges take a stand,” said Mr Scally.
“Enough is enough.”
A spokesperson for the company over Amnis House in Cork said:
“We’ve witnessed exceptional demand for all of our developments since we entered the Irish market and it’s fantastic to see this trend replicated in Cork.”
When asked about the price of the rooms, he added:
“Given the ancillary benefits of living in Uninest Student Residences, all of which are in prime locations proximate to leading universities, we believe our accommodation represents good value for money; a view which is supported by our extremely high occupancy levels both within Ireland and globally.
“In contrast to private accommodation, ours is entirely tailored to the needs of the student and the ‘all-inclusive’ rates cover all utilities as well as the use of various amenities.”