Real estate agent Robert McEwan wants to ensure he can keep the properties he is leasing for the coming years.
Dublin is the biggest rental market in Europe, with rents reaching an average of €300,000 per year.
Mr McEuan has already made several large purchases in the city, with his first offering being a property for €100,000 on the east side of the city in January.
He says the rental market is expected to increase significantly in the coming months.
“If we want to be able to continue renting in Dublin we need to increase our rental income,” he said.
“The only way we can increase our income is by getting out of the rental sector and into the economy.”
In the last year, the Dublin area has seen more than 20,000 people leave the city for other cities and the country.
Some landlords are looking for an alternative source of income and Mr McEwen is one of them.
“We’ve got a good number of people renting on the west side of Dublin, that’s why I want to get into the property market and try to get some properties out there,” he added.
“I’m looking for something for €20,000 to €30,000 and if I can do that then I’ll be able stay in Dublin for the next five years.”
Dublin real estate agent Mr McEswan is in talks with developers to build his property for the upcoming season.
However, he is also hoping to attract a new investor to the city who would like to invest in the development.
“You can always get into something like this with someone who is willing to put up €10 million or more,” he explained.
“So, if I had €10m to give up and I could get a new investment that would be fantastic.”
And if it’s not me and I get a bit of a bump up to €10,000, well then I’m happy with that.
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