PRS Rental Managers’ Guide
After emerging in 2012, the private residential sector (PRS) has become the most vibrant field in the Irish investment market, with huge potential for sustained growth in the next five years.
This has been driven by an ever-increasing demand from Irish and international investors for large-scale new build accommodation, shortage of supply, a growing population and a greater influx of corporate relocations to Ireland. The industry has reported record profits on schemes, reduced development costs and rising numbers of new opportunities coming to market nationwide.
Give us a call today if you’d like more details about our Rental Managers’ Guide.
An exciting evolution
The most recent and sustained phase is build-to-rent (BTR), which has emerged after the Government published BTR guidelines in 2018. Ireland’s shifting demographics are also driving the huge demand for private residential sector living. Ireland is becoming more international and urbanised. And while many people still yearn for more traditional types of accommodation, others demand choice and flexibility, particularly in cities.
- Ireland’s fastest growing property sector
- Record profits on developments
- Still a relatively new field, so lots of scope for new entrants
- As market expands, development costs have reduced
- Sustained growth projected over the next five years
A forward-thinking team
For a team of experts one step ahead of developments in the private rental sector — and all other fields of the Irish property market — look to Lisney. If you’re new to the property market you’ll have a lot of questions, and we’re sure we’ll have the answers you need. Meet our experts today.
Expertise on your side
Our team of expert agents have more than over 80 years of market knowledge and the most in-depth property experience. We always put our clients first, so you can rest assured that your assets are always looked after. See what we can do for you.