The private rental sector had its highest ever share of the investment market last year following deals worth €533 million in the final quarter, according to a new report by estate agent Savills Ireland.
There was a total of €3 billion was invested in Irish property in 2020, which was just ahead of the ten-year average of €2.9 billion, the Ireland Investment Market report said.
The private rental sector remained in high demand in the final quarter, with deals worth €533 million bringing full-year expenditure to just under €1.2 billion.
This brought the sector’s share of the investment market for 2020 to 39 per cent – its highest ever share and “reflective of the defensive characteristics of this sector”, the report noted.
The report pointed to several noteworthy transactions in the sector during the final quarter, the largest of which was the off-market sale of assets worth €140 million.
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