The multi-family/private rented sector (PRS) market is now the most active property investment class in Ireland. It has grown steadily since 2016 and in that period, with financing of more than €7 billion from Irish and international funders and investors, it is facilitating the construction of more than 12,000 new homes, which when fully completed will provide accommodation for more than 25,000 people.
From a capital markets point of view, internationally we are seeing many investors re-allocating funds from offices and retail to the ‘living sector’ (including multi-family), logistics and life sciences, with an active focus on properties with strong sustainability and environmental, social and governance (ESG) credentials.
With the right conditions, housing supply in Ireland is well placed to benefit from this as the market continues to mature, underpinned by sound economic fundamentals, a rising population, low vacancy rates, positive portfolio performances and a need for new homes. However,
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