€1.2bn invested in Dublin private rented sector despite Covid-19 – The Irish Times

A new report on Dublin’s private rented sector (PRS) shows it registered a robust level of investment activity in 2020, with 2,309 residential properties sold across 19 main transactions for a total of €1.2 billion.

Although the figure represents a decrease of 49 per cent on the record €2.36 billion invested in the sector in 2019, the performance is significant when set against the unprecedented impact of Covid-19 on the commercial property market and the wider economy. Also worth noting is the fact that the €1.2 billion spent on the PRS sector in the face of the pandemic outstripped the €930 million invested in 2018 by a factor of 23 per cent.

The latest Dublin residential investment report from agent Hooke & MacDonald shows the capital’s private rented sector or multi-family market continued to consolidate in 2020, with the third and fourth quarters proving to be particularly active. Having shared

Continue reading this article at https://www.irishtimes.com/business/commercial-property/1-2bn-invested-in-dublin-private-rented-sector-despite-covid-19-1.4473245