Market settles into anxious ‘norm’

Forecasters see little change in 2018, with the supply/demand imbalance continuing to affect both residential and commercial sectors while pressure intensifies on the commuter counties

Cranes tower above sites overlooking Dublin’s Grand Canal Basin: more than half of the new offices due this year already have tenants Picture: Fergal Phillips

Assuming that there are no major global geopolitical or economic shocks, it looks like the Irish property sector is shaping up to adopt a ‘steady as she goes’ approach for 2018.

Some 18 months after the initial shock of Brexit, widespread panic has surrendered to quotidian uncertainty – albeit never a positive for property or equity markets – which is becoming the “new, uneasy normal”.

Far more pressing for the Irish market this ...