• The Q1 2022 outturn for total Irish investment volumes reached just under €760 million, spread across 30 transactions. This is a healthy level of liquidity for the market following a bumper Q4
  • Notably there was a healthy volume of large ticket trades spread across different asset classes, including Student Housing, Industrial & Logistics (I&L) and Mixed-Use (retail and offices)
  • Purpose Built Student Accommodation (PBSA) is back in vogue for investors post the pandemic. The largest investment sale of Q1 was Project Ruby - the sale of three student blocks in Dublin and Galway
  • Economic performance has been key to underpinning the attractiveness of the Irish real estate market and data released in March showed continued strong Irish economic growth
  • With inflationary pressure now evident across global markets, the secure long income generated by commercial real estate is viewed favourably by investors
  • Macroeconomic and geopolitical uncertainty has started to put upside pressure on financing costs, with the 3-month EURIBOR swap rate (5-year) up 140 bps over the last 12-months
  • However, competition among lenders and the weight of capital available will stimulate continued momentum in the European commercial investment market