Sunday September 20, 2020

Builds of new apartments are still thin on the ground

Hooke & MacDonald’s report reveals that, despite a rise in planning approvals, few such projects are coming on stream in Dublin due to high costs

28th July, 2019
The apartments at Fairways in Cualanor, Dún Laoghaire, which were were sold to DWS for €108 million

So far this year, the private rental sector has accounted for a record 55 per cent of all property investment transactions in Dublin, followed by 29 per cent for offices. That’s according to Hooke & MacDonald’s new report on Dublin’s residential property investment market.

Four of the five largest Dublin property investment transactions in that period were PRS investment sales, yet there remains a shortage of new apartments under construction.

In...

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