Property Watch Q4 2015

Property Watch Q4 2015 highlights:

Housing commencements declined to less than 1,800 in Q4 2015, despite gaining momentum in previous quarters, and reached just over 8,000 in the full year
Annual property price inflation in the rest of Ireland has surpassed the rate in Dublin since the latter months of 2015
Total office take-up accelerated in Q4 2015, while significant development remains in the pipeline
An average industrial take-up of over 400,000 m2 in 2015, the highest since 2006, with limited new supply in the pipeline
Demand for retail space is spreading out from prime city areas driven by demand from both domestic and international retailers
2015 was a remarkably strong year for commercial property investment, concluding with transactions worth over €1 billion in the final quarter