Sharp drop in foreign investment in Irish property

A new report shows €625m of corporate property investment took place in the first quarter of this year, a drop of 18% on the same period last year

US investors purchased €8.7bn of offices, shops, warehouses, apartments, and other rent-earning properties between 2013 and 2022. Picture: iStock

The current rising interest-rate environment has forced a reassessment of Irish property values, causing international buyers to pause their purchasing activity.

A new report by property consultants BNP Paribas Real Estate shows €625m of corporate property investment took place in the first quarter of this year, a drop of 18% on the same period last year.