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Business Daily: Cost of living: Housing

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Cost of living: Housing

25/01/2023 GMT

BBC World Service - Business Daily, Cost of living: Housing

Whether you’re renting or buying, your housing costs could be going up.

We look at the rising cost of renting and buying a house. Rent in Dublin has risen to an average $2,446 a month in Dublin.

Whether renting or buying, housing costs are going up. 

Presenter Leanna Byrne takes you back home with her to Dublin, Ireland to discuss what all Dubliners love to moan about: the rising cost of renting. 

According to a report by Daft.ie, which lists places to rent or buy in Ireland, at the end of 2022 rent in Dublin had risen to an average $2,446 per month.

And the rising price of renting has seeped into some of Ireland’s other cities, like Cork and Galway, where rents rose by 12% and 16%. 

Limerick and Waterford’s rental prices both soared by more than 17%. 

We hear from Rebecca, a 32-year-old working in the tech sector in Dublin, who has been renting for 10 years. She says that renting in Dublin is getting harder. 

Alex is 31 and works in banking. He got a job in Dublin in January 2022 and was worried about moving there because he heard about the housing horror stories. 

And finally, Norman Shapiro, senior mortgage broker with First Israel Mortgages, gives us the view from Israel, where house prices have hit a record 20% year-on-year increase.

Presenter/producer: Leanna Byrne
(Image: Houses/ Getty Images)

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