Investment property deals could hit €3bn

The value of investment property transactions in Ireland could hit €3bn next year, according to property consultants Savills Ireland market outlook.

The outlook has been boosted by Savills following strong results in 2013 when investment property sales worth almost €2bn took place, the highest since 2006.

Director of Investments at Savills Ireland Domhnaill O’Sullivan said that, if the correct market conditions come together, 2014 could see the highest ever level of transaction in the investment property sector.