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Private rental sector investment tops €1.2bn in 2020

There was €1.2bn invested in Ireland’s Private Rental Sector (PRS) last year, or 39% of the commercial property investment market – its highest-ever share recorded.

Domhnaill O’Sullivan, investment director at Savills Ireland, said: “The sector’s appeal to investors is driven by Ireland’s high population growth (relative to the rest of the EU) and low vacancy rates.”

Technology firms were the most active sector in Dublin’s office market in 2020, with Information and communications technology (ICT) accounting for the top ten deals year and 70% of take-up last year.

Commenting on the future of Ireland’s investment market into 2021, Mr O’Sullivan said: “In an era of continued ultra-low interest rates, real estate is likely to retain its relative attractiveness as an asset class.”

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