Ireland PRS Market, Overview 2022 & Outlook 2023

  • €1.8 billion was invested in residential investment assets in 2022.
  • The first co-living investment transaction closed in the final quarter of 2022.
  • Spend on PBSA increased to 10% in 2022 and this sector is expected to be more active in 2023.
  • Higher funding costs will hamper transaction timelines in 2023, despite continued strong demand.
  • Active renters continue to struggle to find accommodation to suit their requirements.
  • 47% of active renters are looking for longer than two months, compared to 39% in 2021.

Joan Henry, Director of Research