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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
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