The value of transactions in the multi-unit residential investment market has increased sharply, according to analysis of the sector by agent Hooke & MacDonald. It reports that spend on this sector in Dublin was €426 million from 2016 to the third quarter of 2017 and this figure should reach €500 million by year end. While it accounted for 6 per cent of the Dublin commercial property investment market in 2016, this has surged to 17 per cent in 2017. There have been about 20 significant multi-unit property sales in Dublin since 2016. Stamp duty levels remain unchanged for multi-family sales at 1 per cent for the first €1 million and 2 per cent thereafter.

Source: The Irish Times November 29, 2017 06:45 UTC