This report provides an overview of the key developments in the Irish investment propertymarket and the development land market during the first nine months of 2023.
The current 22-year high in interest rates coupled with elevated inflation in wholesale building and construction costs continued to impact activity levels in both the investment property market and the development land market in quarter three. As a result, both markets witnessed below average transaction levels with investment turnover reaching €430 million for the three-month period, while the value of development land transactions totalled €82 million.
