OUTLOOK 2024
Welcome to the Lisney Outlook 2024. This is the 66th year that we have produced an annual report on the Irish commercial and residential property markets.
In both the commercial and residential property markets, many of the dominant trends from the latter half of 2022 continued throughout 2023 and will continue for much of 2024.
66 YEARS OF INSIGHT AND ANALYSIS
Our research reports are among Ireland’s most comprehensive and respected publications. We have been producing our Annual Reviews since 1958, never missing a year.
SECTOR BREAKDOWN
Discover how we expect each property sector to perform in 2024.
Residential
The significant lack of homes for sale will mean that transactions will occur, and prices will be generally stable, but potential purchasers will remain cautious.
development land
The outlook for 2024 is positive. Building materials and interest rates have likely peaked and declines are expected over the course of the year.
New homes
The green credentials of newly constructed dwellings have greatly added to their attractiveness in the last two years.
Investment
Encouragingly, there is some (albeit limited) evidence of appropriate pricing emerging, which should result in deals, but H1 2024 is likely to be flat in terms of activity levels.
Offices
Entering 2024, many of the prevailing trends in the Dublin office market are the same as 12 months ago.
INDUSTRIAL & LOGISTICS
2024 will be another active year in the Dublin industrial and logistics market.
Retail
The retail industry continues to contend with a rapidly evolving landscape, not just in terms of accelerated technological change but also economic, geopolitical and ecological impacts.
Licensed and Leisure
Demand will continue to be focused on large premises in affluent suburbs as well as properties in the city centre.
Healthcare
Further closures are likely this year with smaller nursing homes in more rural areas most at threat.
Student Accommodation
Despite the exceptionally strong occupier, operator and investor demand, new supply continues to lag behind what is required.
Cork
The Cork investment market did slightly better than the nationwide average, with market turnover ahead of three of the last 10 years.
northern ireland
Elevated interest rates, along with the sustained lack of finance on offer for property purchases, will mean those with cash will be most active in the property market and set pricing.
LIFE AT LISNEY
A glimpse of what our team got up to in 2023.
MEET YOUR TEAM
Our multidisciplinary team of experts are agile, innovative and creative. With a depth of experience and an eye on future trends, we collaborate with clients to deliver the best results across every sector of Irish real estate.
Head of Research
Research & Consultancy
Residential Lettings
Residential Sales
Residential Sales
Valuation and Advisory
Industrial, Development Land & New Homes
Offices
Valuation and Advisory
Country Homes & Castles
Residential Sales
Offices
Valuation and Advisory
New Homes
Head of Investments
Industrial
Head of Commercial Agency
Valuation and Advisory
Valuation and Advisory
Retail
Head of HR
Residential Sales
Advisory, Valuations
Residential Sales
Valuation and Advisory
Offices
Residential Sales
Residential Sales
Valuation and Advisory
Licensed & Leisure
Residential Sales
Licensed & Leisure
Valuation and Advisory
New Homes
Residential Sales
Investments
Property Management, Health & Safety
Licensed & Leisure
Residential Sales
Residential Sales
OUTLOOK 2024
Every decision we make, and every piece of advice we give is backed up by decades of research into the Irish property market. You can trust our long-term analysis. Discover our Outlook for 2024 below.
