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Thread: Dublin's cost of living still rising

  1. #1
    Politics.ie Regular JCSkinner's Avatar
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    Dublin's cost of living still rising

    Dublin is now the 16th most expensive place in the world to live, climbing from 18th last year.

    See here:

    http://skinflicks.blogspot.com/2007/...ng-rising.html
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    i really don't think that would come as any suprise to any one who lives here
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    Politics.ie Regular cyberianpan's Avatar
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    Be cautious about this study & us "rising". It is pegged/converted to the US dollar which has indeed fallen against the Euro.

    Mind you the recent rent increases in Dublin may mean that we really are rising.

    cYp
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    Apparently the cost of a luxury "executive" apt (unfurnished) in Dublin is €1200 a month.

    Is this in accordance with what you've experienced?
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    Quote Originally Posted by feargach
    Apparently the cost of a luxury "executive" apt (unfurnished) in Dublin is €1200 a month.
    That's a joke. I wouldn't call a one bed hovel in Rathmines 'luxury executive'.
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    Politics.ie Regular JCSkinner's Avatar
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    I'd say it was higher than that now, but then again, one expects a certain element of lag in this sort of research. I'd guess the figures they're using are a couple of months dated.
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    Politics.ie Regular cyberianpan's Avatar
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    Quote Originally Posted by feargach
    Apparently the cost of a luxury "executive" apt (unfurnished) in Dublin is €1200 a month.

    Is this in accordance with what you've experienced?
    City centre one beds are rising fast at the moment - very basic stuff (e.g. the Sussex Road 1950's place next to Burlington) were at bargain end €900 at start of year - these have now hit a solid €1000 (more like €1050) .

    Decent quality modern, furnished 1-bed city centre appartments could be scooped for €1000 but more like €1200 at start of year but these are more like €1350-€1500 now.

    What is interesting is the disporportion between the rises for quality & bargain. Theory goes that some folks moving toward longer term renting & opting out of buying market.

    As for "executive" appartment: this is the 3 bed area I'd imagine & rumours are that this area is going up quite rapidly at moment, that said though even last year directly comparable appartments (3 beds in same complex, same size) were between €1900 & €2200 a month. Quite a variance which I believe was down to price insensitivty by investors- now no longer pursuing the capital dream they're more focused on direct return.

    I reckon since January we've seen a little over 10% rise in quality , city centre appartments, though some of this rise is due to leveling out of rates (bargains catching up).

    cYp
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    16th? Is that all? That's an excellent performance given that the Irish economy has been growing far faster than that of any other Western country for the past decade. Interesting that Paris has a higher cost of living in Dublin, according to Mercer. Truly amazing when you consider that the Irish economy has grown by about 7% per annum on average over the past decade while the French economy has barely managed 2%. This survey makes nonsense of all those stories you read in the Irish media from time to time about how the journalist went to France and had an 18-course meal and a couple of gallons of wine all for the price of a dessert back in Dublin. I think Fintan O'Toole had an article along those lines a year or two ago. As it happens, I was in Paris for the Rolling Stones concert at the Stade de France over the weekend and can confirm that, while some things are cheaper than in Dublin (e.g. taxis), hotels and restaurant meals are definitely more expensive. More generally, Paris as a city is definitely in decline. It looks so tatty compared with Dublin now. Virtually no new buildings. The suburbs appear to consist of nothing but Ballymuns. There were homeless men sleeping in the streets everywhere. The waiters in the restaurants had an average age of about 106 and provided lousy service. Hardly any shops were open yesterday and the whole city seemed dead outside of the tourist areas. Sarkosy has his work cut out.

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    Re: Dublin's cost of living still rising

    Quote Originally Posted by JCSkinner
    Dublin is now the 16th most expensive place in the world to live, climbing from 18th last year.
    It's a pity about ye ! :twisted:

    Cork is still the world's greatest place to live. No likely change in that any time soon

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    Quote Originally Posted by freedomlover
    16th? Is that all? That's an excellent performance given that the Irish economy has been growing far faster than that of any other Western country for the past decade. Interesting that Paris has a higher cost of living in Dublin, according to Mercer. Truly amazing when you consider that the Irish economy has grown by about 7% per annum on average over the past decade while the French economy has barely managed 2%. This survey makes nonsense of all those stories you read in the Irish media from time to time about how the journalist went to France and had an 18-course meal and a couple of gallons of wine all for the price of a dessert back in Dublin. I think Fintan O'Toole had an article along those lines a year or two ago. As it happens, I was in Paris for the Rolling Stones concert at the Stade de France over the weekend and can confirm that, while some things are cheaper than in Dublin (e.g. taxis), hotels and restaurant meals are definitely more expensive. More generally, Paris as a city is definitely in decline. It looks so tatty compared with Dublin now. Virtually no new buildings. The suburbs appear to consist of nothing but Ballymuns. There were homeless men sleeping in the streets everywhere. The waiters in the restaurants had an average age of about 106 and provided lousy service. Hardly any shops were open yesterday and the whole city seemed dead outside of the tourist areas. Sarkosy has his work cut out.
    Amazing indeed!

    Every city ahead of us is a significant global urban centre.

    We are among the top ten for prime office rents in the world and our main shopping street is among the top six most expensive shopping streets.

    Amazing! The only trouble is thatour exports expanded by 6% in the period 2002-2006 because we have become uncompetitive during the greatest global economic boom since the late 1960's.

    As for Paris, your taxi driver obviously took you on the tourist route.

    If you're not a bank economist who doesn't wish to be confused by the facts, maybe you should try and become one
    Believe those who search for truth. Doubt those who claim to have found it -Andrι Gide (1869-1951) Nobel Laureate 1947

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