Commercial Property

Rising interest rates see investor demand for apartment schemes dwindle

With yields tightening, many investors and developers are holding off on build-to-rent projects for the time being

Building work is to start imminently on 258 apartments in a €100 million-plus scheme at O’Neill Court, Belmayne, north Dublin

Mixed signs are emerging about investor demand for build-to-rent apartments and how it may impact on apartment supply.

On the one hand, there are reports that some investors and developers are holding off on build-to-rent projects. On the other, there are also numerous projects and deals going ahead.

Peter McKeever of International law firm Simmons & Simmons told the Business Post that, influenced by global interest rate increases, yields in the Irish market have tightened ...