Dublin rents to rise 17% by 2021 due to lack of supply, report finds

More than 11% of housing sold in 2018 was purchased by large corporate investors

Savills says rising house prices and tight mortgage lending has created a shift from owner-occupation to private renting. Photograph: The Irish Times

Savills says rising house prices and tight mortgage lending has created a shift from owner-occupation to private renting. Photograph: The Irish Times

Large corporate investors purchased more than 11 per cent of housing sold in Ireland last year, with 2,923 residential units block-purchased, representing a five-fold increase on the previous year, according to research from property consultants Savills Ireland.

While housing supply in the State is on the rise, Savills warns that the residential market will remain undersupplied until at least 2023.

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