Demand for Dublin pub sales grows
The number of licensed premises sold in Dublin in 2017 fell to 31 compared to 35 in 2016, despite increased demand, according to market analysis from estate agent Morrissey's.
The value of those sales fell even more sharply from €67.17m in 2016 to €36.6m in 2017, reflecting how 28 of the 2017 pubs sold for less than €2m, with the others selling for between €2m and €4m.
The higher 2016 value was inflated partly by three pubs which sold for more than €4m, including the Camden de Luxe on Camden Street, which sold for over €8m.
The report says that 2017 prices averaged €1.18m, which was more in line with the 2015 market, when the average sale price was €1.1m.
Tony Morrissey says that demand has increased, particularly for well-located Dublin city centre units and for those in good suburban locations because of increased finance availability and economy growth.