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€7bn invested in Dublin’s private rented sector since 2016

While the delivery of new PRS stock in Ireland continues to face opposition both in the courts and from certain elements within the political establishment, investor appetite remains robust with demand for opportunities in the sector now spreading from Dublin and its suburbs to the commuter belt counties of Kildare, Meath and Wicklow.

That’s according to the latest Hooke & MacDonald residential investment report, which charts the €7bn spent by Irish and international investors and funders in the PRS market since its emergence as a core investment asset class in Ireland in 2016. 

Looking at the numbers for the past five years, the report’s authors find that 17,696 PRS units have traded in Dublin, with 64% of these (11,335) being accounted for by new-builds and 36% (6,361) accounted for by existing stock. 

The figures for 2019 meanwhile show that 3,039 existing units were sold compared to 2,909 new-builds. In 2020, it swung in favour of new-build, with 2,049 (76%) of these sold compared to 647 (24%) units of existing stock. 

This trend continued strongly into 2021, with 4,075 (87%) newly built residential units transacted compared to just 595 (13%) existing units.

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