Area Focus: Dublin’s Docklands and the Office Market

The Docklands is witnessing heightened development activity with 1.4 million sq ft under construction as well as the potential for a further 2.1 million sq ft to be delivered from the area’s remaining brownfield sites. Background The modern form of Dublin’s Docklands can be traced to the 18th Century with the construction of the North Read more about Area Focus: Dublin’s Docklands and the Office Market[…]

Increase in stamp duty on commercial property transactions will result in a slowdown in commercial investment activity – Budget 2018

Knight Frank believes that the increase in stamp duty on commercial property transactions from 2% to 6% will result in a slowdown in commercial investment activity. While this increase was perhaps inevitable given that the rate had stood at 9% during the peak, a gradual increase would have been more prudent. When valuing a commercial Read more about Increase in stamp duty on commercial property transactions will result in a slowdown in commercial investment activity – Budget 2018[…]

Axing HTB scheme is fraught with risk

With Budget 2018 just under four weeks away, the Government’s decision date whether to keep or scrap the Help-to-Buy (HTB) scheme looms closer every passing day. Prompted by a cabinet reshuffle, a review of the scheme was initiated following concerns that the HTB scheme is behind the re-acceleration in the growth of residential property prices Read more about Axing HTB scheme is fraught with risk[…]

Office refurbishment and/or expansion opportunity, Dublin 2

On the instructions of Duff & Phelps Real Estate Advisory Group, Knight Frank has been appointed to offer Block D, Charlemont Exchange, Charlemont Street, Dublin 2 for sale with vacant possession and subject to an antenna licence. In a market that is currently seeking office refurbishment and / or development opportunities, the sale of Block Read more about Office refurbishment and/or expansion opportunity, Dublin 2[…]

A Hard Brexit Could Result in the Relocation of 40,000 Financial Service Sector Jobs

A recently published report by Oliver Wyman Management Consultants, estimates that a Hard Brexit could result in the relocation of as many as 35,000-40,000 financial service sector jobs from the UK. According to our calculations, based on an average space to worker ratio of 130 sq ft, this implies that Dublin and other European cities Read more about A Hard Brexit Could Result in the Relocation of 40,000 Financial Service Sector Jobs[…]

Largest monthly increase in residential prices in Dublin in nearly three years, while global growth also picks up

According to the CSO’s latest Residential Property Price Index, prices in Dublin increased by 3.0% on a monthly basis in May 2017 – the largest monthly increase in nearly three years. As a result, prices in Dublin are now 11.2% higher on an annual basis. Meanwhile, the latest research by Knight Frank has shown that Read more about Largest monthly increase in residential prices in Dublin in nearly three years, while global growth also picks up[…]

€286 million invested in the Irish commercial property market in Q2 2017 as the normalisation of activity levels continues

The normalisation of activity levels in the Irish Investment market that became apparent in Q1 has continued into Q2, with approximately €286 million worth of investment transactions changing hands. The Dalata Group’s purchase of the Clayton Hotel on Cardiff Lane for a figure believed to be in the region of €40 million represented the largest Read more about €286 million invested in the Irish commercial property market in Q2 2017 as the normalisation of activity levels continues[…]

Over one million sq ft transacted in Q2, the largest quarterly quantum seen in this cycle

 The Dublin market saw 1,045,532 sq ft transact in Q2 across 81 deals, marking the first time the million square foot threshold has been breached in this cycle. Take-up for the first six months of the year now stands at 1,518,938 sq ft which is 32% higher than the same period in 2016. The high Read more about Over one million sq ft transacted in Q2, the largest quarterly quantum seen in this cycle[…]

Rural Report 2017: Irish farmland update

  The average price of farmland in Ireland fell by 1.6% in 2016, which follows on from a decline of 9.9% in 2015. In total, 34,000 acres changed hands at an average price of €8,771/acre during the year. This represented the seventh successive year that farmland values have stayed below €10,000/acre and remain less than half Read more about Rural Report 2017: Irish farmland update[…]