Economic upheaval, geopolitical unrest and rising interest rates are having varying impacts on office, residential, retail and hospitality sectors, resulting in very different outlooks within each category.
David Martin and his EY colleague Michael Armstrong wanted to gauge the mood of real-estate borrowers to understand their perspective on the Irish real-estate market right now and, crucially, to see where they believe it will be in 12 months’ time. They engaged with both Irish and international real-estate owners and investors across all the main segments of the market, including offices, retail, residential, logistics and hospitality. A number of trends became clear. Click on the link below for the full article:
https://www.irishtimes.com/property/commercial-property/2023/10/04/most-irish-real-estate-companies-expect-asset-values-to-fall-over-next-12-months/
