This report provides an overview of the key developments in the Irish investment property market during 2024, with an outlook for 2025.
Turnover in the Irish investment market reached just under €2.5 billion in 2024 following a surge in investor activity during the final quarter. This represents a 21% increase on the previous year. Retail assets were the key driver of demand during the year accounting for over €1 billion of capital spend. Office assets also saw an improvement in transaction activity during the year totalling €489 million, although it remained well below the long-term average. In contrast, capital spend in residential assets reached the lowest level since 2015 to reach €231 million.
