Market trends: City Living Multi-family home valuations in Dublin city centre remain strong
Market trends: City Living Multi-family home valuations in Dublin city centre remain strong at multiples of 13.3 – 16.6 as construction of new PRS developments slows. Irish investment assets are still viewed incredibly favourably in a European context. Occupancy and rental growth trends in the multi-family home market keeps accelerating through 2023. The number of units available to rent in Dublin is at historic lows, and in response, rental levels for new multi-family home stock continues to trend higher.
However, the viability of new apartment developments continues to be a concern in 2023 as residential commencements start to slow as construction and financing costs increase and exit pricing declines slightly. These factors will impact new dwelling completion numbers over the medium-term, resulting in existing multi-family homes holding their values at rental yields of between 6%-7.5% depending on the condition of the property. Temporary corrections are happening in different sub-asset classes in the market, but RentFlow is perfectly structured due to its non-leveraged, mortgage free portfolio that generates a lot of surplus income every month.
RentFlow - The Monthly Rental Income Company RentFlow was established to enable investors to earn monthly recurring rental income from a portfolio of city centre properties without any of the responsibilities of a landlord, including dealing with tenants, maintenance companies, or the Residential Tenancy Board (RTB).
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