Key Takeaways
Demand Rising Faster Than Supply
Student demand for accommodation continues to grow, driven by rising full-time enrolments, now over 215,000 and strong international student inflows. Demographic trends point to further expansion of the 18–25 age cohort, with Dublin’s PBSA demand pool expected to increase from around 54,000 to 64,000 over the next decade.Severe Supply Shortages Persist
New PBSA delivery remains minimal, with total stock increasing by less than 1% in 2025 to roughly 47,000 beds. Significant gaps remain between student numbers and available beds, including shortages of around 34,300 in Dublin and 10,800 in Galway. While policy changes, such as updated design standards and the extension of the 9% VAT rate, improve viability, they are not expected to materially close the supply–demand imbalance.Investor Confidence Strengthens
Investment activity rebounded strongly in 2025, with €183 million transacted, well above the ten-year average. Major deals and clearer policy direction have reinforced Ireland’s position as a highly attractive PBSA market, supported by stable income characteristics and strong demographic fundamentals.
