Commercial Property

Deloitte: 2024 to usher in a new era for the real estate market

Cost and capital are key concerns as real estate businesses face into period of uncertainty

Some real estate sectors will be entering 2024 with more questions than others

Volatility meant 2023 was yet another challenging year for the global economy and real estate markets, and so too the Irish economy and real estate market.

Further rises in interest rates, leasing and transaction activity declines, along with valuation adjustments created uncertainty – the largest detractor for any market.

This uncertainty stalled decision-making or at the very least, made the process longer. As we have witnessed time and time again, however, no one sector ...