Dublin is the fifth busiest real estate market in Europe with more than €3 billion invested between the end of last year and the third quarter of 2021.
This puts Dublin on a par with Paris and ahead of cities such as Oslo, Milan and Manchester. London came top with €16 billion of capital inflows, followed by the German cities of Frankfurt, Berlin and Munich.
Dublin ranked 13th out of 31 European cities for real estate prospects. Up from 26th in 2012. There have been a number of companies that have moved or opened new EU head offices in Dublin since the Brexit referendum in 2016.
Institutional property investors have engulfed Ireland over the past decade, taking advantage of strong rental yields. Estate agent Sherry FitzGerald estimates that private rental sector investors have invested about €7 billion into the Irish property market since 2011.