Student Accommodation In Ireland – Four Tips For Investors

It is estimated that there are currently 10,442 student beds in operation in Dublin, catering for just 13.2% of the student population. At a national level, Ireland has 21 student accommodation projects in the pipeline which could supply 7,181 beds by 2019. Of these, over 4,000 are under construction, 1,027 have planning permission and 1,957 are in the planning process. However, the demand and supply dynamic in the student accommodation sector is "likely to remain imbalanced for the foreseeable future". As investors look to student accommodation as an alternative asset class, there are a number of factors that need to be considered before engaging in development.

1. Planning

Check your planning permission to ensure it allows for (i) student accommodation and (ii) use of the property as short-term holidays rentals outside of term time.