TIM O’RAHILLY, PWC However, the consensus among respondents is that the Irish capital has already reached its peak for opportunistic returns. Dublin is ranked in the top three European cities for real estate , mainly due to demand from overseas companies because of the number of overseas jobs in the city . However , the shortage of office space in the city is predicted to continue for several years . “ There has been a pretty rapid recovery and people are seeing a real shortage of prime office space in Dublin , ” said Tim O’Rahilly , PwC ' ’s Real Estate Partner . The PwC / Urban Land Institute ( ULI ) Emerging Markets in Real Estate Europe 2016 report shows that Dublin is gaining plenty of capital investment which is increasing demand for new property . However , it looks likley that Dublin has already reached its peak for opportunistic returns .
Dublin is ranked in the top three European cities for real estate , mainly due to demand from overseas companies because of the number of overseas jobs in the city . However , the shortage of office space in the city is predicted to continue for several years . “ There has been a pretty rapid recovery and people are seeing a real shortage of prime office space in Dublin , ” said Tim O’Rahilly , PwC ' ’s Real Estate Partner . The PwC / Urban Land Institute ( ULI ) Emerging Markets in Real Estate Europe 2016 report shows that Dublin is gaining plenty of capital investment which is increasing demand for new property . However , it looks likley that Dublin has already reached its peak for opportunistic returns .