This brings total investment for the first nine months of the year to just over €1.8 billion, which is a decline of more than 40% relative to the same period in 2019. It is worth noting, however, that 2019 was an outlier due to the large number of high-value portfolio sales transacted.
Still, the investment market has, unsurprisingly, experienced continued instability in recent months due primarily to the practicalities surrounding inspections and carrying out technical due diligence due to travel restrictions which have hindered deal completion. The top performer in Q3 was the residential investment sector which saw €470 million invested across 1,016 residential units. The majority of this relates to the forward purchase of houses and apartments for rental across Dublin.