Sunday May 31, 2020

Smart money will move from commercial to residential

Goodbody analyst predicts that investor payoff will be highest on multi-unit homes in the future

22nd April, 2018
3
Kennedy Wilson bought the Elysian Tower in Cork for about €95 million

Large-scale investors are expected to get a better return from multi-family Irish residential investments than from commercial property in the coming years.

Residential annual returns could average 8 per cent a year, which will be better than returns from retail or offices, with the latter returning about 7 per cent. This is the view of Colm Lauder, real estate analyst with Goodbody stockbrokers.

His comments came in the week when agent Hooke and MacDonald forecast that the...

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