Residential investment spending hits highest levels in over two years

Sale of two private rental sector assets drive rebound in transaction activity

Spencer Place in Dublin North Docklands sold for €177m during the third quarter. 

Spending on residential investment properties hit their highest quarterly levels in two and a half years, driven by the sale of two large properties in the private rental sector, a new report by estate agent Sherry FitzGerald shows.

The overall investment property market saw a resurgence in activity between July and September, with total turnover reaching €699m — an increase of 16% compared the same period last year — with strong interest in residential, office and industrial assets.