The Emerging Trends in Real Estate, Europe 2015 study has found that Dublin is the second best European city for property investments - trailing only to Berlin.
Other recovering EU countries are also predicted to offer strong returns. Athens has shot up the annual rankings from 28th to 5th place. Last year the report predicted that investors would return to the Spanish market - it believes that Spain will remain attractive to investors in 2015.
It also suggests that this recovery trend is set to continue, and that the Portuguese market will rise. Lisbon is up 17 places in the index to 9th place.
Dublin also ranked second in this report last year. The Irish market saw massive growth in 2014 and the study believes that there is still real value to be found in Dublin.
The report is compiled by the Urban Land Institute and Price Waterhouse Cooper - it comments that the resurgence of the property markets in Dublin and Athens, "highlights the opportunistic streak that runs through Europe."
Real estate partner at PwC, Tim O'Rahilly joined Ian Guider on Newstalk's Breakfast Business to discuss the figures. He comments that loan book and asset sales by NAMA and Irish banks will add to the activity in the Irish market in 2015.
Mr O'Rahilly also says that the low value of the euro against the US dollar will encourage American investors the buy properties in Europe, particularly while bond markets are offering minimal returns.
He describes these investments as "a little bit speculative," but adds that investors are doing their homework, and making "educated guesses."
Top 10 European Cities for property investments
1. Berlin
2. Dublin
3. Madrid
4. Hamburg
5. Athens
6. Birmingham
7. Copenhagen
8. Amsterdam
9. Lisbon
10.London
