Unleash Your Investment Growth
We deliver unique and high quality investment opportunities in the property sector. We are our client’s single point of contact from start to finish: we find, design, develop & deliver your perfect investment development project.
Expert architects & construction specialists ensuring the highest quality finishes for each Bridgewater Development. We help our clients realise the potential of their investment opportunities now and into the future. We manage every aspect of the project and aim to deliver high calibre results and returns.
Our Process to Capitalise on Potential
Capture Future Growth
Development Construction
We often are the main contractor for our projects however we do sometimes manage an external professional team. Every step of the way our investors are informed through our thorough project management of critical pathways, KPIs, progress and funding reports.
On commencement of the project, our team is on the ground to either directly build or to oversee an external team.
Our quality control is second to none and we are ISO certified - 9001, 14001, 45001.
Capture the Thriving
Irish PRS Market
Investor sentiment towards the Private Rented Sector (PRS) is increasingly positive internationally, with all major Irish cities in Ireland well-positioned to capitalise on this trend. The real potential of PRS lies in the Built-to-Rent model.
This is where investors fund the developments and hold for the long-term, with an estimated weight of capital of between three to five billion euros chasing these opportunities in Dublin. Currently in Ireland there is a distinct need for social and private housing in the whole of Ireland.
Current Opportunities In Ireland’s Private Residential Sector (PRS):
Dublin is witnessing a large increase in investment in the Private Rented Sector in recent years.
Below is the PRS Investment Volumes between 2014 - 2019.
(click graph to expand)
The next wave of investment activity will concentrate on Build-to-Rent opportunities. PRS is continuing to grow in importance and looks set to play a crucial role in relieving the lack of residential supply that has emerged over the last number of years.
There has been a move away from home ownership to PRS, with 60% of under 35’s now renting in Dublin. Design standards introduced by the Government in 2018 will help increase the viability of the Build-ToRent model in Ireland.
KEY RENTAL MARKET INDICATORS:
Dublin Apartment Prices
Dublin apartment prices have doubled since the bottom of the market in 2012, however they remain 29% below their previous peak:
Dublin Properties to Rent:
The number of properties listed as available for rent on Daft.ie is less than a fifth of the peak of 8,264 recorded in Q2 2009.
Dublin Apartment Rents
Apartment rents in Dublin have hit their highest level since records began in 2007. Rents have been more stable than prices having fallen by 28% in the aftermath of the financial crisis compared to 65% for prices.
TENURE & AFFORDABILITY GAP:
TENURE
Traditionally in Ireland, people have aspired to owning their own home. However, in recent times there has been a shift to more people seeing renting as a more appropriate option with 25% doing so in Dublin - this is according to the 2016 Census, which is over double the 12% recorded in 1991.
MORTAGES
There is an increasing lack of mortgage financing in Ireland. As a result people are choosing to go into the PRS. This is consistent across many age groups in Dublin; in the over 35 age group the PRS grew at a rate of 4% per year, the number of outright owners grew at half this rate at only 2%.
Households who own their home with a mortgage grew at an even slower rate of 0.4% per annum. Therefore displaying that there is a distinct lack of mortgage finance available again driving up a stronger PRS.
Ireland compares very favourably with other European nations regarding PRS market fundamentals.
Statistics below compare Ireland to Europe:
(click to expand below statistics)