In spite of challenges such as market volatility, rising inflation, interest rate rises and upward yield pressure, Ireland’s real estate lenders remain positive, says KPMG Corporate Finance Partner Hazel Cryan.
KPMG Ireland has launched its 2023 Real Estate Lending Survey, providing insights on sentiment for financing in the real estate sector in Ireland, respondents’ lending preferences, market metrics and expectations for Irish real estate lending in 2023.
Lenders and borrowers continue to negotiate the challenges of market volatility, rising inflation, interest rate rises and upward yield pressure. In spite of these challenges, lenders remain positive about the Irish real estate sector with all survey participants expecting their real estate lending exposure to either grow or at the very least remain the same. In particular, and against a backdrop of pent-up demand in the housing market, appetite continues to be strongest for residential development in Dublin and surrounding counties.
The Irish real estate lending market has experienced significant fluctuations in recent years, shaping its landscape. As we progress through 2023, the market presents new opportunities and challenges for both lenders and borrowers.
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