- Inflation, interest rates and funding conditions have improved considerably, boosting sentiment, liquidity and transactional activity across the market.
- A total of €927.5m was invested in Irish commercial real estate in the first half of 2025, a 39% increase compared to the first half of 2024.
- Office investment, at €267m accounted for 29% of total spend in H1 2025, more than double the amount that transacted during the same period last year.
- Retail continues to dominate with €431m invested in the first half of the year (46% of total spend). Capital flows in H1 were dominated by US (41%) and European investors (38%).
- The strength of international investor demand is expected to result in an increase in large scale opportunities coming to the market, across a wider range of sectors, over the coming months.
- Improved debt market conditions, an increase in the number of larger scale assets available to the market along with continued economic and employment growth, will be key drivers of activity over the next twelve months.
Joan Henry, Chief Economist & Director, Research, Knight Frank Ireland
For a full copy of this report, please contact
Joan.Henry@ie.knightfrank.com
or Robert.OConnor@ie.knightfrank.com