Smithfield

A fast-growing population in Dublin is causing high demand for rental properties A fast-growing population in Dublin is causing high demand for rental properties Ireland is expanding fast but has still only half the population of 9 million people it had over 150 years ago. Today, Ireland’s natural population is growing at the fastest rate in the world which is the opposite to other major western countries where lower birth rates are reducing population levels.   Ireland, and Dublin in particular, is the European HQ for many global tech giants and is attracting young, mobile international workers to take up these roles as we are almost at “full employment”.   As a result, there is huge demand for housing but it is especially acute in Dublin city centre which is the centralised hub for commerce and culture in Ireland. Years of past under investment in housing causing low supply now There isn’t a major global economy that wasn’t impacted by the global crisis in the late 2000s, and Ireland was no different. The lack of credit and a fall in houses prices resulted in very little new construction in Ireland for a period of nearly ten years.   As the Ireland economy has re-bounded, the current level of new builds is increasing but is still considerably below was is required to increase the overall housing stock in Ireland.   For international investors looking for Europe city centre property investments, the current high demand and low supply in Dublin means long-term income growth and capital appreciation.   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