€3.5b invested in Irish property so far this year

Almost €800 million ($927 million) was invested in the Irish property market in third quarter 2021 — 25 percent higher than a typical third quarter over the long-term average, reported Savills.

This brought total year-to-date investment volumes in Irish real estate to €3.5 billion ($4.1 billion), representing the highest volumes for the period on record and double the volumes seen in the first three quarters of 2020.

Brendan Delaney, divisional director of investments at Savills, said, “Conditions in the investment market seem to have returned to relative normalcy as restrictions have been reduced throughout the year. 2020 was defined by two lost quarters, with travel restrictions hampering the ability of foreign investors to physically come to Ireland, while in-person viewings also faced serious disruption throughout the year. We are now seeing a resumption of the strong levels of activity present before the pandemic, with several large deals that are close to