Private rental sector remains strong despite Covid-19

Demand continues to outstrip supply in both residential and PRS markets, while developers adapt new build designs to take the pandemic into account

The Mount Argus apartment development in Harold’s Cross, Dublin, brought to market by Hooke & MacDonald. Photo: Ben Ryan

The multi-family/private rental investment sector (PRS) has weathered the Covid-19 lockdown well, according to the latest report from agent Hooke & MacDonald. It says this sector is likely to be the largest investment sector in Ireland in 2020 again, and noted that the residential market has fared well too.

Their hardiness is due largely to demographic drivers, the need for more residential accommodation, weight of capital, and the imbalances between supply and demand, according to ...