2023 on track to become one of ‘weakest years on record’ for investment property market

New research from Sherry FitzGerald’s commercial division has found that record high interest rates, high building and construction costs, and the cost of borrowing have all contributed to weak performances by the investment property and development land markets this year.

The property agent reported that 2023 looks set to be one of the weakest years on record in both of those markets specifically.

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Building and borrowing costs squeezing commercial property investment and land salesThis year set to be 'one of the weakest on record', according to Sherry Fitzgerald
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