NUIG continues to experience fall in student accommodation revenue

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Galway Bay fm newsroom – NUI Galway has once again experienced a sharp drop in revenue from student accommodation.

A new survey reveals the university took in €5.2m last year – a decrease of several hundred thousand euro for the second year running, despite rising rents.

Recent figures show that student accommodation rates at NUI Galway have risen by 4 percent in the past year – broadly in line with universities nationwide.

However, unlike other universities, NUI Galway saw a drop in overall revenue from student accommodation last year – for the second year in a row.

According to the Irish Independent, NUI Galway took in €5.2m last year – compared to €5.45m in 2017, and over €6m in 2016.

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