end of year review | Business Post

Commercial Property

2022: one of the most active years on record for investment volumes

As H1 2023 approaches, however, subdued market sentiment looks likely to experience a six-month period of ‘wait and see’ until investor demand picks up in the second half of the year

Rate of residential price rises continues to moderate

Prices will have risen by 5 per cent on average by the end of year, while second-hand homes have sold well all year and the market is expected to remain robust in 2023

Commercial Property

A year of skittish investors and strong returns for cash buyers

Continued inflation and rising interest rates mean pricing expectations will need to adjust across most real estate sectors next year, writes Conor Whelan of QRE. However, once this is accepted, the market is in a position to function well

New housing needs to be viable, sustainable and affordable

Achievable targets and planning reform will open the door to housing delivery, but funding from all possible stakeholders and cooperation between the public and private sectors are also essential

Commercial Property

Ireland needs new measures and a new mindset to build on

Demand for housing remains exceptionally strong and largely unsatisfied, but uncertainty is hampering investment and construction delivery viability remains to be properly addressed

Commercial Property

International investor activity showed confidence in Ireland

Deals of scale were completed in 2022 with the reopening of the economy and a resurgence of activity, while investor interest in residential assets has been particularly strong

Residential market settles after post-pandemic frenzy

International economic shocks, inflation and rising interest rates have slowed activity, writes Catherine O’Connor of Colliers. However, demand remains solid, particularly at the upper end of the market

Commercial Property

Strong hotel and pub sales show flexibility of hospitality sector

In spite of a pummelling during the pandemic, the two linchpins of the hospitality industry are likely to move real estate worth a combined €600 million this year

Commercial Property

Industrial and logistics sector should weather market turbulence

Investors still favour this asset class due to its strong fundamentals, but they want a higher return