Near-record year for commercial sales

With strong employment and growth in both personal incomes and demographics in 2020, the sector looks to be well supported by economic factors

8th December, 2019
Near-record year for commercial sales
The K Club in Straffan, Co Kildare: sold for a reported €70 million.

The Irish commercial property market looks on course to achieve record or near-record levels of deals this year, despite enduring some recent knocks from public authorities.

Investment deals in the million-euro-plus price bracket across commercial property look set to achieve €3.5 billion. Sales of major residential rental properties (private rented sector, or PRS) are en route to generate €1.5 billion. Development land deals are forecast to top €1 billion, while hotel sales could reach €600...

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