New year, fresh start

Aoife Brennan, Lisney’s divisional director of research, looks back at 2013 and predicts what’s in store for the year ahead.

WE HAVE just launched our Review 2013 / Outlook 2014 document on the property market and, thankfully, over the last 12 months, there were some very noticeable improvements in certain parts - most notably in residential, commercial investment and offices.

On the residential side, the number of properties for sale fell even further, to levels not sufficient to service the strong demand present in city areas and as a result, prices increased. There is now a very strong need to construct a greater number of new homes in Dublin and Cork to fulfil existing and future demand.