2016 was a standout year for real estate performance in Ireland. According to the Financial Times, Ireland was the “fastest-growing economy in the EU.” CBRE’s Europe Real Estate Market Outlook 2017 forecasted this trend will continue into 2017 and 2018. The research cited rental incomes increasing 11% year on year (Q3 2015 – Q3 2016) largely due to high demand outweighing the low supply in the housing market. However, the Irish government addressed the supply concern by initiating a number of development projects. Many of these projects are now transitioning from conceptual or early planning phases to the beginning of site work. Fortunately, multi-family investors should expect rental inflations to continue through the remainder of 2017 and into the coming years.
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AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
October 2018
CategoriesAll Investing Keith Knutsson Real Estate Real Estate Investing |