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Crafted by 4Property.
In this, our review of the property market, we take stock of the last 2 years of COVID-19-related restrictions and the aftermath of Brexit, reviewing the impact both have had on the Irish commercial property market.
At the start of 2022, the Irish economy was in a good position, having shown significant resilience throughout 2020 and 2021.
As we approach the 4th quarter of 2022, we have a clearer picture of the ramifications of the war in Ukraine on the Eurozone, with the Irish Government having recently revised its economic growth forecast for the remainder of 2022 and into 2023.
While the global market remains volatile, here in Ireland we face into the second half of 2022 with cautious optimism as Ireland’s growth forecast is bucking the trend among its Eurozone neighbours; ranking in second place for forecasted real growth domestic product growth rates for 2022 (source: statista.com).
Our report looks at how the global market influences impact the commercial property market in Kildare, the surrounding counties and indeed nationally, and we outline our expectations of that market performance over the coming months and into 2023.
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