Ires shares drift as investors monitor Sinn Féin's showing in the polls – The Irish Times

Bulk purchases of apartments by international investors have come back with a bang this year, with €1.9 billion of private rental sector (PRS) deals sealed in the first nine months, after a dip during the height of the Covid-19 pandemic in 2020.

You only have to look at the rental yields in the home market of the German funds managers such as Union Investment, Deutsche Bank’s asset management arm DWS, and Real IS, that have been among the most active in Dublin in recent years to understand why.

While prime apartments in Dublin are currently generating rent to deliver an investment yield of about 3.6 per cent, according to Savills, yields in the Baverian capital, Munich are about 2 per cent, rising to around 2.5 per cent in Berlin and Duesseldorf.

Performance

Still, you wouldn’t think that PRS was the hottest area of the Irish commercial property market

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