We have published our second Economic and Property Highlights. The indicators, whilst mixed, support underling demand in all sectors of the property market. In the retail sector the indicators are for continued demand however price discounting is continuing. Sterling weakness could also be a contributory factor to this. The various sentiment indices show a “cautiously optimistic” trend. Interestingly in relation to consumer sentiment, Dublin is lagging the rest of the country in terms of positivity. Employment continues to increase and, as is well publicised already, housing demand continues to outstrip supply with house price growth showing no let up. With a hard Brexit now more likely, this is broadly negative for the country although slightly more positive for the property market overall particularly around the greater Dublin area.
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