Ireland’s Guide To Money And Living

Consumer watch

Consumer watch

Internet interest

Research collated by Connector.ie has highlighted a number of interesting statistics about smartphone use and online shopping in Ireland. For example, 87 per cent of Irish people are online in some format or another, with mobile internet penetration the highest in Europe. 60 per cent of Irish adults purchase something online at least once a month, while 50 per cent of shoppers will research their purchases offline, and then purchase online.

Transport tribulations

For those few of you who haven’t heard the unfortunate news, four Luas strikes will take place in February – Thursday 11th, Friday 12th, Thursday 18th and Friday 19th. The strikes are a result of disputes over pay and conditions at transport provider Transdev, with employees seeking pay increases and other benefits.

Travellers should be aware that Luas tickets won’t be valid on other forms of public transport, and should reconsider buying prepaid seven day or monthly tickets until the strikes have concluded. Luas has also said that those with prepaid or Tax Saver tickets who are affected by the strike will be eligible for a refund.

If you’re not sure how to get around on those days, Dublin City Council’s Live Drive has a few handy tips.

Rental crisis

Ireland’s rental crisis continues to motor along – the latest news via the Irish Independent has revealed that only 3,600 homes were available to rent throughout the country on February 1st. Citing the most recent report from Daft.ie, Michael Cogley notes that this is the lowest figure since these reports began in 2006.

“This lack of availability stems from a lack of construction activity at a time when Ireland’s population has grown year-on-year throughout the last decade,” explained Ronan Lyons, in-house economist with Daft. “So the key takeaway for the new government is about understanding the unique blockages holding back supply in the Irish residential housing market, especially in building new apartments. The National Competitiveness Council has committed to benchmarking construction costs in Ireland to our peers. The results of this exercise will hopefully act as an action plan for bringing costs, minimum standards and modes of certification back in line with best practice.”

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When not writing about all things personal finance, You & Your Money's editor Conor Forrest enjoys reading, football and getting lost in an ocean of Wikipedia articles.
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