Commercial Property

Ireland needs new measures and a new mindset to build on

Demand for housing remains exceptionally strong and largely unsatisfied, but uncertainty is hampering investment and construction delivery viability remains to be properly addressed

A computer-generated image of Brickfield Square in Crumlin, Dublin 12: the 242-apartment complex was forward sold to Greystar for €123.5 million

The Irish property investment market experienced a number of challenges in 2022.

Multi-family/PRS continued to be the top investment asset class in the first three quarters of 2022. In the Greater Dublin Area it captured 37 per cent of the total €3.5 billion investment spend in the period, followed by offices at 30 per cent and industrial at 12.5 per cent.

In the first three quarters of 2022, multi-family/PRS investment spend in Dublin amounted to ...