Property Watch

Property Industry Ireland, in partnership with AIB and DKM Economic Consultants, has launched Property Watch – a quarterly report series compiling over 30 different property datasets from 20 sources to give an overview of the state of the Irish property market. 

 

The key points outlined below in the report are:

  • Over 2,000 residential commencements in the quarter, less than one-third in Dublin
  • Most agents report that prime office rents stabilised in Dublin in Q1 2016 at around €592 - €619 per m2
  • Office development activity surges ahead with around 35 building projects currently underway in Dublin city
  • Dublin market accounted for the bulk of total commercial investment turnover in Q1 2016 of c. €740 million
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    The key points outlined below in the report are:

  • Housing commencements declined to less than 1,800 in Q4 2015, despite gaining momentum in previous quarters, and reached just over 8,000 in the full year 
  • Annual property price inflation in the rest of Ireland has surpassed the rate in Dublin since the latter months of 2015 
  • Demand for retail space is spreading out from prime city areas driven by demand from both domestic and international retailers 
  • 2015 was a remarkably strong year for commercial property investment, concluding with transactions worth over €1 billion in the final quarter
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    The key points outlined below in the report are:

  • Housing completions up 11% year-on-year in Q3 with 12,000 expected in 2015 as a whole
  • Total office transactions in Dublin reached almost 180,000m2 in the first 9 months of 2015 (80% of 2015 total)
  • IT and Financial services dominate take-up in the Dublin office market
  • Total commercial property investment likely to exceed €3bn by year-end with increased regional investment.
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