Cushman & Wakefield chief economist Kate English said despite “anecdotal evidence suggesting that construction costs are easing”, lower activity levels are expected in the second half of 2022. Photograph: Maxwells DublinHigh demand from students for housing has “proven attractive” to property investors, with the purpose-built student accommodation sector accounting for almost one fifth of investment in the Irish rented accommodation sector in the first half of the year.
Overall, the second half of 2022 is likely to see lower levels of investment and commencement activity, said Kate English, chief economist at Cushman & Wakefield, despite “anecdotal evidence suggesting that construction costs are easing”. But purpose-built student accommodation accounted for 17 per cent of the total investment volume, up from essentially zero for the same period in 2021.
However, reflecting “high demand” for student housing, the report indicates that a “strong occupational recovery” in the student accommodation subsector for the 2021/2022 academic year, “has proven attractive to investors”.
Of course they would, FineGael in particular have shown them how easy it 2 profit in Ireland,particularly in Student Accommodation,make a killing during college term & absolutely millk it in summer,short term lets, Refugees etc,it's a win win & little tax 2 pay HowIrelandWorks
Is this a PR statement on behalf of property funds?
here we go, another short sighted boom
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Source: IrishTimes - 🏆 3. / 98 Read more »