Being realistic about the new normal
The Irish market simply cannot sustain €4 billion of transactions every year
While the property market is busy completing transactions in advance of another “bumper” year-end, it may be worthwhile considering the nature of 2016 to date and the likely market dynamics for 2017.
To date, more than €3 billion has been transacted, and the projection for year-end 2016 is about €4 billion, assuming a few large transactions that are currently sale agreed, close in Q4.
Ireland has traditionally produced an annual turnover of €1.7 billion per annum...
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