Record property investment in Cork in 2015

THE property investment market in Ireland’s second city hit new and record highs in 2015, far out-stripping 2014’s much-recovered market, according to a new report due shortly from DTZ Sherry FitzGerald.

Describing 2015 as a remarkable year of performance, DTZ say that last year “was a record-breaking year for Cork property investment, following a bumper closing quarter.” A total of €136 million was invested in Cork’s commercial property during 2015, as investors and REITs looked outside of the capital for more competitive returns.

That €136m outturn for 2015 contrasts sharply with the previous high of €79.7 million recorded in 2014, notes DTZ.