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Housing investment strong despite challenges - survey

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Foreign capital represented nearly two-thirds of the money spent on housing projects in the first half of the year, according to real estate agents Cushman & Wakefield.

Its latest survey of the country's 'living sector' - which includes the private rented sector, social housing, student accommodation, nursing homes and retirement communities - shows that €877m was spent on developments in the first six months of the year.The survey says that 63% of that money came from foreign investors, as Ireland continued to offer"competitive returns" when compared to other European countries.

Cushman & Wakefield said demand continued to outstrip supply in the market, while it said certain sectors were primed for particularly strong growth.

 

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