• Liquidity and momentum in the Irish investment market continued through Q3 2021 with a total of €793 million deployed
  • While this total was down on the previous quarter, cumulative volumes for the full year 2021 are on track to reach at least €4.5 billion, a marked increase on 2020
  • Asset pricing movements in the Irish market have varied across sectors through the pandemic. Q3 saw further compression in industrial pricing, retail values showed signs of stabilisation and some growth while offices and residential remained stable
  • The Q3 total return on the MSCI Ireland index basket of standing investment properties was +1.2% 
  • Over €79 billion was deployed across European real estate investment markets in Q3, with Ireland’s proportion of the market growing in 2021
  • In the private debt market, while liquidity was impacted through much of 2020, there has been a return to pre-pandemic senior debt pricing and loan-to-value (LTV) ratios for core opportunities
  • There has also been increased appetite in recent months for hotel financing opportunities, particularly those targeted at the leisure market and with strong operators and brands