Wednesday 22 November 2017

Lack of large lots is limiting market

Ronald Quinlan

Ronald Quinlan

BNP Paribas Real Estate's latest Irish investment research suggests that a lack of property in larger lot sizes, which typically attracts the interest of international investors, is limiting overall market activity.

BNP Paribas Real Estate's head of research Joan Henry says: "A key feature is the lack of product that has come to the market in the new year above €50m in lot size and also the quantum of deals done below €20m in lot size (49pc). The majority of vendors and purchasers in the latter category were private investors, with small domestic investors particularly active. While total turnover of €476m is a strong number, it is lower compared to the same period for each of the last three years."

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