Commercial Property for Sale in Ireland
Ireland is a small island in Western Europe with a truly global reach. A stable political environment coupled with a skilled and talented workforce supports a population of over 4.5m. The country is consistently recognized as one of the best countries in the world for business. The financial heart of the country is its capital Dublin which ranks highly on a range of investor scales including a low tax burden. The European hub of the digital and technology sector, it has also spawned many leading international brands such as Guinness. Its higher level education institutions are universally acclaimed and the country also plays host to a large number of English language students. Its geographic position gives it enviable access to the US, UK, European and Middle East markets.
International CRE investors are active across all sectors of the commercial property market in Ireland. The focus to date has been on the capital Dublin. The markets inherently small scale coupled with recent international investor attention has seen domestic players look beyond the capital to its provincial cities for additional investment opportunities. The office sector that was impacted upon by the global economic crisis has rebounded significantly. Shortage of office accommodation is now seeing the construction of speculative builds. Growth in the retail market has largely been concentrated in Dublin whilst a number of shopping centres have been transacted in different parts of the country. The vibrant education sector has left a structural undersupply of student property servicing the capital city. Multi-family investments in the residential sector continue to attract investor interest. Elsewhere, the hotel market has proved especially appealing to international investors buoyed by the large tourism industry and high profile tourism initiatives.