Dublin Financial Services District – home to Irelands Top Finance Professionals
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Dublin Financial Services District – home to Irelands Top Finance Professionals
Dublin Financial Services District – home to Irelands Top Finance Professionals
Conor Fitzpatrick
Author: Conor Fitzpatrick
Read Time: 3 mins
Dublin Financial Services District – home to Irelands Top Finance Professionals
The Financial Services Centre is the key hub for finance companies “passporting” their products into Europe,The importance of the International Financial Services Centre IFSC) to the Irish economy is indisputable. It has become one of the leading hedge fund service centres in Europe, and many of the world’s most important financial institutions have a presence here.
Half of the world’s top 50 banks and half of the top 20 insurance companies including Merrill Lynch, Sumitomo Bank, Citibank, AIG, JP Morgan, Commerzbank, BNP Paribas, EMRO and KPMG are just some of the big-name operations that have chosen to locate in the IFSC.
The IFSC is located along the north bank of the river Liffey and spans over a 37.8-hectare area. The IFSC was cleverly developed with a mix of office, residential and leisure buildings. The neighbourhood enjoys an abundance of social and recreational amenities, from water sports and terraced cafés to elegant wine bars and theatre and musical performances in the Three Arena.
RENTAL FACTS
Brexit financial services companies and workers moving to IFSC
Huge undersupply of rental units
Rent increasing faster than normal
Lowest 2-bed monthly rents €2,100
Lots of bars, restaurants & cultural amenities
No new residential developments
If you are thinking of investing in property as a source of alternative income,
why not contact us today to discuss your requirements in more detail?
Phone: +353 86 325 0048 I Email:info@spirecapital.ie
Prices from: €495,000 Rental yields: 6% – 8%
Spencer Dock is an exciting development of 1, 2 and 3 bedroom apartments, penthouses and offices setting new standards in urban living and working. Designed by the famous Architects Scott Tallon Walker, it is hailed as the new city quarter
Why is Dublin's ‘Silicon Docks’ a desirable investment district for overseas property investors?
The nickname of the “Silicon Docks” in Dublin has been officially recognised to describe the area where the world’s biggest technology companies have chosen as their European HQ. Facebook, Google, LinkedIn, Salesforce, Airbnb, Amazon, Indeed, TripAdvisor, Accenture, Twitter, Stripe are just some of the growing list of companies that have set up in Dublin, primarily in the Silicon Docks area.
With an area workforce expanding day-by-day, global and local workers have been attracted to this area to fill these highly paid roles, with stories of some of them staying temporarily in hotels during the week, such is the shortage of rental accommodation in this area.
Many of the workers want to live in the area, not just because it is close to their work but it is also a very desirable place to live with may top end restaurants, bars and cultural events that are staged in the Bord Gais Energy Theatre.
RENTAL FACTS
Massive undersupply of rental units
Rent increasing faster than averages
High earning tenants
Lowest 2-bed monthly rents €2,500
Lots of bars, restaurants & cultural amenities
Continuing MNC office growth in 2020 onwards
Limited residential developments
Highly sought-after location to work and live
If you are thinking of investing in property as a source of alternative income,
why not contact us today to discuss your requirements in more detail?
Phone: +353 86 325 0048 I Email: info@spirecapital.ie
Prices from: €495,000 Rental yields: 6% – 8%
Spencer Dock is an exciting development of 1, 2 and 3 bedroom apartments, penthouses and offices setting new standards in urban living and working. Designed by the famous Architects Scott Tallon Walker, it is hailed as the new city quarter
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