OUTLOOK 2025
Welcome to Lisney Outlook 2025, our 67th annual report on Ireland’s commercial and residential property markets.
Many of the key trends that shaped the latter half of 2023 persisted through 2024 and will continue to influence the market in 2025. This report provides expert insights into these developments, offering analysis and forecasts to help navigate the year ahead.
67 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 our expert insights on how each property sector is expected to perform in 2025, with in-depth analysis of market trends, key drivers, and emerging opportunities across commercial and residential real estate.
Residential
2025 will be another busy year across the residential market. Unrelenting supply constraints will result in further price increases.
Development Land
The outlook for 2025 is positive in terms of increased supply and activity, and will be assisted by falling interest rates.
New homes
The new homes market will remain exceptionally busy in 2025 with continued strong buyer sentiment outstripping supply.
Industrial & Logistics
2025 will be another active year in the Dublin industrial and logistics market.
Retail
Demand will remain healthy in 2025 with new and expanding retailers active on prime high streets, as well as in some shopping centres and retail parks.
Licensed and Leisure
Following on from a steady flow of transactions in 2024 (20 pubs sold in Dublin totally €70 million), activity in the licensed premises property market in Dublin and in most of the larger regional cities will remain healthy this year.
Healthcare
While occupational demand will remain strong, higher costs and insufficient increases in Fair Deals rents, will mean further nursing home closures.
Purpose-Built Student Accommodation
Student numbers across Ireland continue to grow, which is very positive indicator for continued PBSA demand.
Cork
We expect better market performance across all commercial property occupational market sectors in Cork in 2024, as well as renewed interested in investment opportunities.
Northern Ireland
We expect a more positive property marketing in NI in 2025, particularly in the investment and build-to-rent sectors.
Forestery
Forestry investment has gained significant attention around the world in recent years as investors seek resilient, counter-cyclical and profitable asset classes.
LIFE AT LISNEY
A glimpse of what our team got up to in 2025.
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 2025
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 2025 below.