Viewpoint

The Case for Optimism

For the Irish Commercial Real Estate Capital Market

November 24, 2025 10 Minute Read

At CBRE, we believe there are ample reasons to be positive about Ireland’s real estate investment market as we approach year-end.
With €695m of deal completions, Q3 2025 was the 2nd most productive investment quarter since 2022. It was beaten only by Q4 2024 which was amplified by the sale of Blanchardstown Shopping Centre. Importantly, there is evidence of core capital returning which is the life-blood for a liquid market.
The widely shared consensus is that the rate cutting cycle is now over. A stable rate environment is positive for sentiment particularly when compared to the challenges faced by the other major central banks. Leverage is firmly accretive for most real estate asset classes and this is key to unlocking investment and financing activity.
As core investment capital gradually returns, it will find a real estate debt market that is truly buoyant. The key reason for this is the level of of private capital raised by debt funds over the past 5 years.