Strong returns in apartment rental sector tempting investors to bite

Rising residential yields look set to hold, easing worries over imbalance in the market

The Grange in Stillorgan in Dublin, which was bought by Kennedy Wilson for €126 million in one of last year’s biggest property deals

Prime Dublin apartment rental properties (PRS) are now being seen as more valuable in the eyes of investors than prime Dublin offices. This could augur well for increased apartment development as financial institutions, which have traditionally eschewed residential investment, might be tempted to switch horses.

This in turn could ...