Investment property market to experience one of its 'weakest' years on record 

Sherry Fitzgerald report says development land transactions were down 50% to €226m in the year to September — the lowest levels seen since 2015 

According to a report by Sherry Fitzgerald, in the year to the end of September, investment acquisitions reached €1.4bn, a drop of 64% from the €3.9bn recorded during the same time last year. File picture: Rolling News

The investment property market as well as the land development market are set to experience “one of the weakest years on record” as the value of transactions across both markets drop significantly, a new report by real estate company Sherry Fitzgerald has said.

According to the company’s latest Irish investment property and development land market report, in the year to the end of September, investment acquisitions reached €1.4bn, a drop of 64% from the €3.9bn recorded during the same time last year.