Implications of Covid-19 for Ireland's Commercial Property Market March 2020

19 mar. 2020

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  • Coronavirus already impacting many sectors of the Irish economy - most notably the aviation industry, hospitality, tourism and the retail sector
  • More than 140,000 jobs have been lost in various sectors of the Irish economy so far while as many as 200,000 more jobs are at risk
  • Ireland’s policy response has been substantial but necessary
  • Ireland’s economy & real estate sector entered this situation from a position of relative strength
  • COVID-19 to have a negative short-to medium-term effect on the CRE market in Ireland, provided the outbreak is brought under control in a reasonable timeframe
  • Low interest rates will continue to be supportive of investment in real estate in the Irish market in the medium term