Renewed interest in PBSA has led to an upsurge in development activity and new entrants into the market from both an owner and operator perspective. As of mid-2018, approximately 6,180 bed spaces were under construction in Dublin, with a further 1,032 under way in Cork and Galway.
2017 was a dynamic year for the sector with transactions totaling €386.8m across 24 deals. This represents a substantial increase on 2016 volumes which stood at €269.1m. Dublin remains the most attractive market for investors, attracting 96% of total residential investment in 2017.