Record property investment levels as workers return to offices

The retail sector also performed strongly in the third quarter of 2021 accounting for 14% of deals

Work underway on the construction of a second office block at Horgan's Quay, Cork, which will add 130,000 sq ft of space to the six-acre site. Picture: Denis Minihane.

Real estate investment in Ireland has reached a record €350bn in the first three quarters of this year as estate agents point to pent up demand for property since Covid restrictions have been eased.

An analysis by Savills found that almost €800m was invested in the Irish property market in third quarter, a figure 25% higher than a typical third quarter over the long-term average.