Alternative residential as an asset class has come to the fore in recent years, both globally and in Ireland. At its most basic level, alternative residential includes the private rented sector (PRS), co-living, purpose-built student accommodation (PBSA) and retirement living. The attraction of alternative residential for investors is the different yield profile, which is generally more attractive than the traditional investment sectors. However, the amount invested in alternative residential is continually growing — in 2019, 43% of the market was made up of PRS. Alternative residential is here to stay and is only going to become a greater part of the property market.

Source: Irish Examiner January 06, 2020 14:03 UTC