We entered the ‘roaring 20s’ with a confident outlook, with total investment turnover of €7.3bn recorded in 2019 and the market dis playing few signs of weakness. As Europe’s fastest growing economy for six consecutive years, the Irish commercial property market is increasingly on the radar of international in vestors. A low-risk option with healthy occupier demand and favourable demographics, our safe and stable society, common law legal system and straightforward tax regime add to market appeal.
Growing interest from global investors is ev idenced in the evolution of the mega-deal (€100m+) in the past five years, with 18 such transactions completed in 2019 displaying a steady increase year-on-year when compared with the 4 mega-deals transacted in 2014.
This trend is set to continue as real estate allo cations grow, crucially providing investors with consistent income and real value, particularly in a sustained low interest rate environment. Spreads between real estate yields and invest ment grade corporate bonds have never been greater.