Sale of pubs comes to a standstill

Only four bars have been sold in Dublin so far this year, compared with 19 in all of 2007 and 37 in 2006.

9th August, 2008

Only four bars have been sold in Dublin so far this year, compared with 19 in all of 2007 and 37 in 2006.

Industry estimates suggest that the number of bars being acquired in the capital will struggle to reach double digits this year as bank funding dries up for potential purchases. It is understood that several multimillion euro pub deals are in the pipeline but are being held up by financing problems.

Banks are looking for more money...

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