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Rents in Limerick buck the trend

first_imgFacebook Twitter WhatsApp Print Email Advertisementcenter_img Linkedin Previous articleAccident victims Paul and Jeffrey remembered in musicNext articleNews round up Monday September 6 admin NewsLocal NewsRents in Limerick buck the trendBy admin – September 6, 2010 557 RENTS in Limerick increased by 0.5% in July, in marked contrast to other parts of the country where they fell by between 1% and 3%, according to the latest report published by the property website Daft.ie. The average rent by Shannonside in the second quarter of 2010 was €700.Sign up for the weekly Limerick Post newsletter Sign Up One local auctioneer told the Limerick Post that the 0.5% increase could possibly be attributed to students hunting for suitable accommodation prior to the reopening of third level colleges.“I suppose it could be asked why Limerick has bucked the trend when there are big student populations in Dublin, Cork, Galway and Waterford.“Maybe there is a wider choice in those places making the market more competitive…I don’t know, really.“While there is a lot of purpose built units close to LIT, UL and Mary Immaculate, it has been noted that many students are opting to go it alone and renting houses and flats in nearby estates, which can work out cheaper than student apartment blocks.“What can be said is that landlords are now more conscious of their obligations and have upgraded their properties. Likewise, students have become very selective in their requirements”.The average asking rent in the country was just over €835 per month, down 5% on the same time last year.Commenting on the report, Ronan Lyons, Economist with Daft.ie said, “The year-on-year fall in rents is now at its slowest pace in two years, suggesting that the rental market may be close to stabilising. Nonetheless, the total stock of properties available to rent remains high, which means we are unlikely to see rents rising rapidly in the near future.”Rents in Munster fell by 1.1% between April and June, having been largely static in the first three months of the year.The average rent in Limerick city in the second quarter of 2010 was €700, while the average in the rest of the county was €650. This represents falls of €220 and €150 from their peaks in 2008.Even though there has been an upwards trend in Limerick prices, they are still considerably lower than in the Celtic Tiger years.This is the third year in a row that rents have been lower at national level than the previous year.Compared with 2007, a typical student renting a two-bedroom property could expect to save between €1,500 and €4,000 over the course of the academic year.The cost of accommodation for students still varies significantly around the country, with the average for a double room in Dublin city centre about twice the cost of renting in Athlone, Castlebar and Tralee.last_img read more

Imperial Riviera pays out an award to employees for a successful season

first_imgEmployees of Imperial Riviera who were employed on 31 July and worked for at least half a month in July will be paid a season bonus in the net amount of HRK 500. The award for the season in the same amount will be paid to all students who have worked for at least two weeks in July. Prizes will be paid out in August with salary / compensation for the month of July. Cover photo: Valamar Collection Imperial Hotel Imperial Riviera dd, based in Rab Imperial Riviera has in its portfolio nine hotels and resorts and two campsites, with a total of 3.618 accommodation units and capacities for about 9.000 guests. After the successful completion of the process of merging the Hotel Makarska with the Rab Imperial, as of June 28, the hotel houses Imperial and Makarska have been operating under the name Imperial Riviera. “Imperial Riviera is one of the ten largest tourism companies in Croatia, which currently employs more than a thousand employees. We want to continue to motivate our hard-working employees in their successful work, so we decided to additionally reward them for a job well done for the first part of the season. ” said Vlado Miš, President of the Management Board of Imperial Riviere ddcenter_img VALAMAR RIVIERA EMPLOYED 7.000TH WORKER After Valamar Riviera, now a subsidiary, Imperial Riviera has decided on an additional reward for its employees for successfully completing the first part of the tourist season. HELIOS FAROS COMES OUT OF BANKRUPTCY: VALAMAR AND PBZ CROATIA INSURANCE INVEST 650 MILLION HRK IN RECONSTRUCTION RELATED NEWS:last_img read more