Key Points

  • The first half of 2019 has been very busy with several large occupier & investment transactions having completed and other sizeable transactions underway or in legals at present
  • Some assets in the Irish investment market are now being acquired by Asian investors and these transactions typically take longer to syndicate, fund and ultimately complete
  • With the exception of the retail sector, prime yields remain stable at the mid-year point, and in some cases, have potential to harden further during H2 2019
  • Office occupiers continue to focus on the provision of working environments that foster collaboration, support new ways of working & help attract and retain top talent
  • Despite the scarcity of retail stores to satisfy demand in key locations, retailers continue to expect flexible lease terms
  • As house price inflation continues to ease, there is growing evidence of stabilisation in residential land prices
  • Forward funding will become a feature of the Irish Build-to-Rent market in the second half of 2019
  • Demand continues to outstrip supply in the hotel sector, particularly for hotels in Dublin city centre
  • Although supply remains constrained, demand for well-located Cork investment properties remains healthy