Summary:
- Demand for student accommodation in Dublin is projected to rise from 54,000 to approximately 64,000 places, driving continued upward pressure on rents despite recent government measures to improve accommodation viability and reduce VAT for buyers and developers.
- Cushman & Wakefield identify a pipeline of around 10,700 student beds with planning permission across Dublin, Cork, Galway, and Limerick, but nearly 1,300 of these permissions risk expiry this year, potentially limiting new supply and sustaining the supply-demand imbalance.
- Investor activity remains strong, with €183 million invested in four PBSA deals last year, including Greystar’s €104 million acquisition of a 700-bed portfolio; ongoing capital demand is critical to expanding purpose-built student accommodation and addressing Ireland’s structural market imbalance.
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