RS-WS1
Back To Top

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.

David Byrne
Managing Director
Margaret Kelleher
Chairperson and Senior Director
Aoife Brennan
Senior Director
Head of Research
Ausra Marcelyte
Senior Research Analyst
Research & Consultancy
Aoife Hanlon
Director
Residential Lettings
Ann-Marie McCoy
Director
Residential Sales
Avril Kelly Carter
Head of Marketing
Marketing
Barry Connolly
Divisional Director & Regional Manager
Residential Sales
Brian Gilson
Senior Director
Valuation and Advisory
Cathal Daughton
Senior Director
Industrial, Development Land & New Homes
Christopher Belton
Director
Investment
Ciaran Cassidy
Divisional Director
Residential Sales
Colm Quaid
Divisional Director & Branch Manager
Residential Sales
Conor Lennon
Divisional Director
Offices
Daniel Cahill
Director
Valuation and Advisory
Darren Chambers
Director
Residential Sales
David Ashmore
Director
Country Homes
David Bewley
Senior Director
Residential Sales
David McCarthy
Director
Cork Commercial
Deborah Mahon
Divisional Director
Offices
Edward Hanafin
Senior Director
Cork Commercial
Fintan McCluskey
Divisional Director
Valuation and Advisory
Frank McSharry
Divisional Director
New Homes
Helen Callaghan
Director
Valuation and Advisory
Jackie Fitzpatrick
Director
Head of Investments
James Kearney
Divisional Director
Industrial
James Nugent
Senior Director
Head of Commercial Agency
Jason Fielden
Divisional Director
Valuation and Advisory
Jason O’Neill
Divisional Director
Valuation and Advisory
Jennifer Prunty
Surveyor
Retail
John O’Sullivan
Director
Residential Sales
Karen O’Reilly
Divisional Director, Head of HR
Head of HR
Louise Kenny
Director & Branch Manager
Residential Sales
Lynda Gordon
Divisional Director
Investments
Martin O’Halloran
Divisional Director
Advisory, Valuations
Michelle Kealy
Divisional Director and Branch Manager
Residential Sales
Nicholas O’Connell
Divisional Director
Cork Commercial
Patrick Hughes
Director
Valuation and Advisory
Paul Hipwell
Senior Director
Offices
Robert Lawson
Divisional Director
Residential Sales
Robyn Espey
Divisional Director
Residential Sales
Ronan Diamond
Senior Director
Valuation and Advisory
Ronan Quinn
Chief Financial Officer
Accounts
Rory Browne
Divisional Director
Licensed & Leisure
Rory Kirwan
Director
Residential Sales
Shane Markey
Divisional Director
Licensed & Leisure
Shane O’Beirne
Director
Valuation and Advisory
Stephanie Patterson
Divisional Director
New Homes
Stephen Day
Senior Director
Residential Sales
Thomas Byrne
Divisional Director
Investments
Tom McCarthy
Director
Property Management, Health & Safety
Tony Morrissey
Director
Licensed & Leisure
Tracey Gilbourne
Divisional Director
Residential Sales
Trevor O’Sullivan
Branch Manager & Divisional Director
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.

Lisney-Outlook-2024
RS-WS1