The latest figures show that the Irish real estate market generated total returns of 36.3% in the year to end-Q1 2015, among the highest in the MSCI index universe.
 
Davy Stockbrokers indicate that the sharp turnaround has been led by offices (up 41.1%), with retail (30.5%) and industrial (20.5%) posting lower but still attractive returns on an absolute basis. This backdrop has been a positive for investors with sitting portfolios, while the sharp re-pricing has increased the challenge of efficient capital allocation. The public companies active in Ireland have invested circa €2.5bn locally since Q4 2013. 
 
According to Davy's, "A recovering economy; falling unemployment; and an imbalance in the space markets, particularly in Dublin’s office, hotel and residential markets, offer a positive backdrop for further rental growth. The broadening of the equity and debt pool active will improve liquidity and should help to lower the volatility that has been a hallmark of previous Irish real estate cycles."

Source: www.businessworld.ie