INVESTMENT funds are increasingly looking for opportunities to rent social housing units in bulk to Irish local authorities and housing associations, with demand at close to 70,000 households nationally.
The funds’ interest in multi-let investments into the social housing sector has picked up “since the new Government reiterated their commitment to increase the volume of social housing provision,” notes Marie Hunt, who is Head of Research at CBRE Ireland.
In a bi-monthly research report issued this week, CBR say that up to €1bn in Irish property investment assets is due to come to market in coming months, many of them in the PRS/multi-family sector.
A view of a section of the new Horgan’s Quay development which is still under construction. Picture: David Creedon
And, despite the impact of Covid-19 over the past six months across a variety of market sectors, some exacerbating pre-existing structural issues and trends, they say “the
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