Commercial Property

Donal Buckley: Investors viewing a new price landscape

Investors in both the commercial and residential sectors are waiting to see how the political and interest rate environment and markets develop

Douglas Village Shopping Centre in Cork: it was reported that Urban Green Private has agreed a deal to pay around €23 million for the centre

Investors are expected to play hard ball in 2023 as they seek out opportunities and bargains. They are basing their expectations of lower prices and higher yields on a number of factors, chief among them being reduced demand as more cautious investors wait to see how the Irish and world economies cope with the risk of recessions.

Other investors will find that increased interest rates and more cautious lenders will restrict available funding. Consequently, cash-backed ...