Investor demand for Dublin rental properties falls despite surging rents

Owen Reilly estate agents say the first six months of 2022 was a seller’s market, but inflation cooled towards the end of the year

Kilmainham Congregational Church: last year, agent Owen Reilly achieved €960,000 for the church built around 1814 by Obadiah Willans, a wealthy mill owner from Leeds, to serve the spiritual needs of the artisans he brought from England to work in his woollen mill on Inchicore Road in Dublin

Dublin-based agent Owen Reilly has released its annual report on the Dublin residential market based on data from the transactions it undertook in 2022. While supply issues continue and demand remains strong, the agent’s residential market outlook is one of uncertainty.

According to Owen Reilly it was very much a year of two halves as events again took over with Russia invading Ukraine causing an energy crisis and inflation to surge.

“The first six months ...