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[…]

Census 2016: Average Household Size in Ireland Increases to 2.75

The increase in the average household size in Ireland is the latest damning evidence of the extent of Ireland’s housing crisis. Contained within the first detailed results of the 2016 Census – released yesterday – the data shows that the average household size in Ireland increased from 2.73 to 2.75 between 2011 and 2016. The Read more about Census 2016: Average Household Size in Ireland Increases to 2.75[…]

Existing schemes currently cater for only 13% of the student population

Dublin’s growing student population and the current under-supply of beds are attracting the world’s leading global investors with 7,181 bed spaces now in the pipeline according to Knight Frank’s Student Housing Report 2017. The number of full-time students in Dublin has increased by 34% over the past 10 years, accounting for 43% of Ireland’s student Read more about Existing schemes currently cater for only 13% of the student population[…]

Global house prices increase by 6% in 2016, the highest annual rate since the first quarter of 2014.

In the latest edition of Knight Frank’s Global House Price Index, which monitors and compares the performance of 55 mainstream residential markets around the world, Ireland has slipped down the global rankings from 12th at year-end 2015 to 23rd at year-end 2016 as the pace of global house price growth accelerated. In total, the Global Read more about Global house prices increase by 6% in 2016, the highest annual rate since the first quarter of 2014.[…]

A note on the economy, jobs growth and underwriting demand for office space in Dublin

The Irish Government raised money at its lowest ever rate today, with the NTMA sourcing €500 million of 12 month debt at a negative interest rate of 0.43%. The low rate is reflective of the appetite for Irish investment assets as the economy continues to grow at a robust pace, with the ESRI projecting that Read more about A note on the economy, jobs growth and underwriting demand for office space in Dublin[…]

Smithfield is seeing heightened occupier demand, with very limited prevailing vacancy

INTRODUCTION Smithfield has a rich tangible history, making it an area of increasing appeal to occupiers, especially those from the tech industry. The origins of Smithfield can be traced to when the area emerged as an agricultural trading post located at the outskirts of medieval Dublin City, where cattle was primarily traded. The establishment in Read more about Smithfield is seeing heightened occupier demand, with very limited prevailing vacancy[…]