110% rise in Q1 property investmentas CBRE claims demand will return

CBRE Ireland head of capital markets, Kyle Rothwell, said real estate was “in good shape” despite the global uncertainty and would continue to perform well on a relative basis in the long term.

Ireland, and in particular Dublin, will remain a target for real estate firms after the coronavirus pandemic, having seen a yearly 110% rise in investments in the first quarter of 2020.

The latest data from global real estate adviser CBRE showed total property investment in Europe reached €85.5bn in the first three months of 2020, a 52% increase on the same period last year,