Publications - Republic of Ireland

26 May 2017
As with recent years, the majority of investment sales completed during the opening months of the year were deals that had carried over from the previous year. At €475m, total turnover for Q1 was stronger than previously forecast, but was 36% less than the same period of 2016. One large deal, 13 – 18 City Quay at €126.3m, represented over a quarter of total activity and assisted in pushing the turnover figure higher than anticipated.
26 May 2017
First-time-buyers are very active at price levels up to €500,000. There was a notable increase in viewing numbers, sales and prices being paid by this cohort in Q1. Those trading up (and even down) are reluctant to sell their existing home until they find a new house to buy. Equally, it is very difficult to buy a house without being ready-to-go and have the old home sold.
26 May 2017
The opening months of 2017 were slower than anticipated in the retail property sector. Brexit was on retailers minds, particularly in March when Article 50 was enacted.In spite of this, demand remained from both national and international retailers who were seeking stores. The continued lack of prime, good quality opportunities was evident and resulted in a considerable slowdown in the number of transactions being completed.
26 May 2017
The Irish economy was again the fastest-growing economy in the euro area in 2016. The latest National Accounts figures published by CSO show that the Irish economy performed remarkably well again in 2016. GDP in real terms grew by 5.2%, while GNP grew by 9.0% in the year.

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