Dublin Ranks Second in Europe for Real Estate Investment for Second Year Running
Dublin remains in the number two spot for the second year running for real estate investment and development in Europe, according to Emerging Trends in Real Estate Europe 2015, a forecast published jointly by the Urban Land Institute and PwC.
Ranking Berlin in the number one position, the report states that Dublin has strong rental growth potential based on low supply, coupled with employment growth.
According to Real Capital Analytics, a tremendous amount of capital has poured into Dublin already, €2.2bn in the first three-quarters of 2014.
Though office rents and values are recovering strongly, they still have some way to go before they regain their pre-crisis peak.
Enda Faughnan, real estate leader, PwC Ireland, said: “There has been heightened interest in Dublin as a property investment center, particularly from foreign investors. There is still a lot of supply to come onto the market, which will appeal to a wide range of buyers.”
The report highlights a surge in the popularity of real estate investment opportunities in some cities that were hit particularly hard during the last market downturn, such as Madrid (up 16 positions), Athens (up 23 positions), Birmingham (up 14 positions), Amsterdam (up 17 positions) and Lisbon (up 17 positions).
For real estate options in the US (United States), California remains a hotbed for investments worldwide. Lotus West Properties, founded by Ari Chazanas, continues to be the go-to firm for locals and visitors.