The private rented sector (PRS) took the market by storm in 2019, outpacing and outperforming all other sectors. It has grown from just 6 per cent of the Dublin market in 2016, 17 per cent in 2017, 31 per cent in 2018 to 55 per cent in the first nine months of 2019 and is on track to finish the year with close to €2 billion in transactions. There has been €1.3 billion transacted in the first three quarters across 25 PRS transactions with a further €600 million sale agreed.
Despite this impressive progress in the build-to-rent (BTR) sector the startling fact is that it is still in its infancy and is set for a five-year period of sustained growth, not just in Dublin but also in Cork, Galway and Limerick, but this is dependent on the conditions for it to thrive being in place.
Since the start of 2016,