The market for pubs in Dublin remained resilient last year, notwithstanding the heavy burden of the Covid-19 pandemic, a new report from Lisney has found.
According to the research, the overall volume in pub sales continued to fall in 2020.
In the capital, 13 premises were sold, compared to 16 a year earlier.
A little under a third of those sales was for amounts in excess of €4m, down slightly on 2019.
Almost a fifth of those licensed premises that changed hands did so off-market, the study finds.
Around half were bought by private equity firms, with developers and acquisitions for alternative use accounting for 31% of the transactions.
The activity came despite many pubs remaining closed for around 10 months of the year due to Covid-19 restrictions.
However, the pandemic also hit the transactions themselves, with closing dates delayed due to the crisis.
Lisney says supply remained low from March onwards and it is also predicting that the majority of pubs for sale will remain limited, at least in the first half of 2021.
The market outside of Dublin continued to struggle with limited appetite from outside of the local indigenous community, the property company finds.
It says there were no notable sales recorded in Cork, Galway, Limerick, Waterford and Kilkenny cities last year.
