Private Rented Sector transactions accounted for a record 55% of all property investment transactions in Dublin in the second quarter of 2019, followed by 29% for offices. Four of the five largest Dublin property investment transactions in that period were PRS investment sales. However, there is still a significant shortage of new apartments under construction.
There were only 1,766 apartments built in Dublin in 2018, 54% of them (956) in Dublin City Council area, 33% (575) in Dun Laoghaire-Rathdown, 12% (207) in Fingal and just 2% (28) in the South Dublin County Council area. It is estimated that there will be just 3,000 apartments built in Dublin in 2019 but