Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}

Irish Development Land Marketbeat Q2 2023

Tom McCabe • 09/08/2023

Deal flow drops below levels seen during COVID pandemic. Activity in the development land segment was subdued in the first half of the year with approximately €130 million worth of transactions across 45 deals, down 67% from €390 million in the first half of 2022 and below levels seen during the height of the COVID pandemic in 2020. 

  • Finance and construction costs remain key short-term constraints to development activity
  • Housing fundamentals remain solid even as inflation rates ease
  • The Greater Dublin Area remains popular
  • Commercial development site deal activity was weak in the first half of 2023 with just under €24 million in deals taking place

“The first half of 2023 was a sluggish period for development land sales, hindered by continued increases in Euro area interest rates and still elevated construction costs. However, the longer-term picture for well-located residential and commercial developments still appears robust.” Paul Nalty, Associate Director, Development Land at Cushman and Wakefield

More Insights

logistics boat
Article

The Future of Logistics Asset Optimisation

Learn about the logistics sector as it has experienced a wave of transformation fuelled by technological advancements.​
Nicola Gilleece • 23/05/2024
Conversations - Latest Office Trends web card
Article • Workplace

The Latest Office Trends: Insights From Industry Experts

The landscape of office trends is evolving rapidly, driven by a combination of market forces and shifting priorities among both landlords and tenants. In today’s discussion, industry experts Ronan Corbett, Head of Offices and Aisling Tannam, Director, Offices shed light on the changes observed in the past six months.
Ronan Corbett • 23/05/2024
air filter
Article • Economy

Irish Economy - Slight downgrade to government's economic projections

Earlier today the government published its revised medium forecasts for the Irish economy and despite a modest GDP downgrade for 2024, the overall economic outlook remains a solid one. Below we’ve outlined our key messages together with these latest forecasts.
Tom McCabe • 24/04/2024

RECENT NEWS

Office Investment Q1 2020 Report
Surge in reserved space, as office occupier market continues to see improved activity

Latest research from Cushman & Wakefield reveals an interesting quarter for the Dublin office market. Take up in Q2 2021, as expected, continued to struggle with just 19,150 sq m occupied. However, outside of take up, the story of improved demand is best reflected in reserved figures once again, along with a rise in requirements and viewings.

15/07/2021

Industrial Warehouse
Industrial and Logistics sector proves itself as one of the most desirable asset classes

Latest research from Cushman & Wakefield reveals investment activity improves, despite the ongoing pandemic and travel restrictions. Turnover levels reached approximately €641.5m across 37 deals in the second quarter of 2021.

 

09/07/2021

Aedifica
Valuation on the part of Belgian REIT Aedifica

The acquisition augments Aedifica’s market share of the Irish market to 417 beds; and follows in quick succession from the groups February purchase of Brídhaven Nursing Home in Mallow.

12/03/2021

WANT TO KNOW MORE?

If you would like to find out more about our specific expertise, or discover how we could work with your company, please contact a member of our team – we’d be delighted to hear from you.
With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Cookies.

MORE OPTIONS
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS