A report from accountants PwC has revealed Dublin is now the third-most attractive city in Europe for investors in property, up from seventh a year earlier.
The growth of big tech companies such as Facebook and Google is adding to the demand for housing.
The report said this was behind the growth of so-called “build-to-rent” housing, in which developers build whole apartment blocks to be sold off to big landlords.
Joanne Kelly, real estate leader at PwC Ireland, said big investors had shifted towards residential property in recent years.
David Chabily writes:
Why is nothing being discussed about, at the least temporarily, banning foreign investors from sucking up Irish property?
New Zealand have already done this, and likely Berlin will too.