Commercial Property

With 15 Dublin pubs sold already this year, activity levels and capital values are up on 2023

Warehouse supply constraints and global economic uncertainty led to dip in occupier take-up, but a better 2025 is expected

Retail has been most traded asset class so far in 2024, accounting for over 33% of overall property activity

Market turnover remains muted but conditions will pick up next year

With deal values of €900m and several big sales pending, Irish hotels have been in demand in 2024

With other sectors struggling, retail could account for more than 50 per cent of total investment this year

Operators and investors will continue to eye Irish hotels due to strong occupancy fundamentals

With more assets for sale, activity levels could return to €3-€4bn next year

It may not have heralded the recovery people were hoping for but debt markets should free up and activity levels pick up next year

Construction of new apartments has ground to a halt, crunching supply and pushing rents up again

A weak start to 2024 turned to a better outlook by year end; looking to 2025, investors will stay focused on the holy trinity of ‘beds, meds and sheds’, but supply may be an issue

Outlook looks brighter for 2025 after a challenging year

Improving debt liquidity, the stabilisation of yields and a narrowing of the bid-ask spread will lead to more activity

Lower interest rates and improved sentiment set to translate into more transactions

The year ahead will be one of rebuilding as confidence gradually returns, potentially spurred on by a single large deal

Proposed Zoning Value Sharing will decrease supply of new homes – at a time when they’re badly needed

As the steep falls in prime capital values ease, the market is set for recovery – but level of transactions will be key

It may have been a challenging year, but demand remains strong for assets with long-term income and strong covenants, across all sectors

Shortage of quality stock is likely to spur interest in unit at Greeogue Business Park following refurbishment by Kennedy Wilson

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