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College rent drop boost for students 21.08.08

INISHOWEN students leaving home to go to college will have access to cheaper rents around the country for the first time in many years, a new report shows.
The Daft.ie report published yesterday shows that the fall in property sales has led to more premises becoming available to rent.
Government spokesperson for education in the Seanad, Senator Cecilia Keaveney welcomed the rent price drop.
"The report indicates a 3%-6% drop in cost of rents. This is very important and good news for students who traditionally have had difficulty getting affordable accommodation," said Senator Keaveney.
"It is not just that rents are lower this year but also there are more properties available. This ensures that the choice that will be there for our students this year will be quite an improvement on the more recent years."
Senator Keaveney also reminded homeowners they can rent out a spare room and earn €10,000 before tax.
"The concept behind the scheme was not only to produce more accommodation for students at a time when it was in scarce supply but it can be either a financial or social boost to our elderly homeowners, in particular.
"Students vary in character and what they wish for in their accommodation varies also. It seems clear that the opportunities are better than ever this year and I wish them well in choosing their locations in these coming days and weeks," added Senator Keaveney.
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