Q2 Dublin pub sales showing more ‘activity’

Following a sluggish first quarter in which only four Dublin pubs formally changed hands, “considerable activity”  has been recorded, both on- and off-market, in the pub sector of late with several pub sales having gone ‘sale agreed’ or ‘signed’ in the last few months.

 

 

 

This has been fuelled by very strong trading conditions and the improved availability of funding, according to commercial property specialists CBRE Ireland which recently released its latest bimonthly property market report for the six months to July.

“We are now in the midst of the busiest tourist season of the year following an increase of more than 6%, to 2.027 million, of overseas visitors to Ireland in Q1 2019,” stated the report’s author, Executive Director & Head of Research at CBRE Ireland Marie Hunt, “This bodes well for the hotel sector of the property market, where demand remains high and is likely to increase further as a result of new reforms to regulate short-term tourism-type lettings in Rent Pressure Zones, which came into effect on July 1^st.”

CBRE’s John Ryan told Drinks Industry Ireland that there has been a real uplift in the level of enquiries for pubs.