Investment interest in volumes slowed further in the second quarter of 2023 with only €0.33Billion reached over 26 deals compared to €0.92 Billion (27 deals) in Q1, the lowest quarterly total since Q2 2017
- Investor interest in the retail sector has improved in recent times thanks to the increase in yield on offer from the sector as well as the resilience in Irish consumer spending.
- The living sector has also been one which has attracted investors to Ireland over the past number of years given the strong demand for homes for purchase and rent.
- Investment volumes in the office space were relatively modest again in the second quarter.
- Meanwhile, in the industrial sector just over €48 million was transacted in the quarter across five deals.
“International investors remain very much interested in Irish commercial real estate assets with the economic story still resonating strongly. For the time being though many are sitting on the sidelines until price discovery improves and international macro uncertainties (particularly around when interest rates peak) begin to clear.” Kevin Donohue, Director, Head of Capital Markets at Cushman and Wakefield
