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It is cheaper to live full time at the Hilton hotel than to rent an average apartment in the center of Dublin.
As hotel prices fall in reaction to the damage inflicted on the Irish tourism industry by Covid-19, the latest data released this week shows that rents in Dublin are holding at record highs after remaining static for the past 12 months.
That is despite government emergency measures cracking down on evictions and drastic rent increases.
It means that hotel room costs are now falling below the requested rent for many city apartments, including some studios (one bedroom) currently being advertised in parts of the city center. This includes apartments in the Dublin 1 area, where the Hilton Garden Inn is located.
Now you can get a room at the Hilton on Custom House Quay for € 54 per night. This equates to € 1,642 per month. When asked if the hotel would consider an additional discount for booking a full month, the staff did not rule it out and asked that we ask management via email with our proposal.
According to the latest data from the Residential Tenancies Board (RTB) released this week, the average total rent in Dublin is now € 1,706 per month.
That represents a rate of € 56 per night. At the same time, a number of standard and one-bed studios in the city center are advertised for rent starting at € 1,750. That represents a daily / night rate of about € 58.
A range of renowned four-star city hotels now offer rooms at less than € 60 a night, while boutique B & Bs and guesthouses in affluent places like Dublin 6 also offer rooms at that price point or less.
It means that savvy tenants can live in luxurious suites in the best residential locations where houses can cost more than 2 million euros. Plus, they can do it for much less than the asking rental price in prime locations.
While homeless families have been controversially housed in budget hotels, full-time residency in high-end hotels was a common practice in Ireland until the 1970s, particularly among the retired and the better-off.
For a complete analysis with powerful price comparisons, see Property.
Irish independent
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