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DUBLIN Accounting for 45% of Ireland s GDP, 40% of the country s population and 70% of all corporate tax revenues, Dublin is back on investor s radars as one of the most promising cities in Europe. Attracting tech giants such as Google, Facebook, Twitter and LinkedIn to the city with its well-educated, English- speaking workforce and low corporate tax rate, Dublin s economy has completely transformed over the past ten years.

AT A GLANCE

Overall Investment Prospects in the PwC Emerging Trends

Europe 2019 report

Accumulated Capital Growth 2014-2018

Rental Growth in 2018 and a further 6% forecast

for 2019

#3 55%

7.8%

Vacancy Rate as of 2018

< 2%

William Beckett House is a boutique development situated close to the offices of many leading technology corporations and a historic shopping area.

WILLIAM BECKETT HOUSE DUBLIN -

Project:

11 units exclusive to IP Global

Completion date: Completed

Dublin has long been subject to an acute housing undersupply, with little to no construction occurring in the ten years between 2007-2017.

Prolonged excess demand has put upward pressure on both capital and rental growth rates across the city. Supply has slowly picked up with almost 7,000 residential completions in 2018. This, however, falls short of the required 11,000 units per annum. Property prices in Dublin have increased 55% over the last five years and yet remain 22% below their 2007 peak.

Dublin s rental market has followed a similar trajectory as a direct result of the housing shortage, and backed- up by the burgeoning economy. The vacancy rate for rental properties currently sits below 2%, with 27% of Dublin households privately renting. The city s rental rates increased 7.8% in 2018 and are estimated to grow by a further 6% in 2019.

WHERE TO INVEST IN DUBLIN

Sources: The Dublin Chamber of Commerce, Savills, Knight Frank

WHY INVEST IN DUBLIN