2021-11-08-莱坊-The_Dublin_PRS_Report_5页_1mb

Dublin's Private Rented Sector (PRS) market is experiencing rapid growth, driven by strong population and economic expansion in one of Europe's fastest-growing economies. Investor sentiment is highly positive, with Dublin attracting significant capital due to its flexibility and demand from young, mobile professionals, particularly in tech and finance. Investment volumes surged to €1.5 billion in 2019, up 61% from 2018, with a focus on Build-to-Rent (BTR) developments, which offer diversification benefits. Population growth is expected to reach 25.8% by 2080, fueled by high employment, immigration, and urbanization, supporting long-term demand. Rent and prices have returned to high levels—apartment prices doubled from 2012 lows, while rents are record highs—creating an affordability gap that shifts housing tenure towards renting. Ownership is declining, especially among under-35s, as mortgage constraints and BTL tax burdens push new investors into BTR. Government design standards from 2018 enhance BTR viability by introducing minimum size regulations and encouraging institutional ownership. Internationally, Dublin compares favorably with European peers, and while challenges like yield pressures exist, the market is poised for continued growth with institutional players leading the sector. Underserved areas and opportunities in student and retirement housing further diversify the market.