Commercial and investment markets continue to grow, but onus is on industry and Government to tackle suitable affordable housing problem, say property experts
Lisney is celebrating 50 years in business in Cork. The leading property consultants first began with a 500 square foot office on Grand Parade in 1969 and has experienced consistent growth and success since then.
Ireland’s largest independently-owned property advisory company has been operating nationwide for over 85 years with offices in Dublin, Cork and Belfast.
Involved in all aspects of the residential, commercial, licensed and investment property markets, Lisney employs 120 staff nationwide, working in a range of agency and advisory services departments.
Speaking about Lisney’s path to 50 successful years in Cork, Edward Hanafin, Director at Lisney Cork says: “Over the years the Lisney team has navigated and chartered choppy waters – stemming all the way back to the closure of the Dunlop and Ford plants in 1983 and 1984, right through to the present day.
“None of this could have been achieved without the skill, expertise and drive of the agents and surveyors who have come through our doors over the last 50 years. We pride ourselves on putting people at the heart of what we do and generations of families continue to come to us to advise and guide them when buying and selling their properties.”
Margaret Kelleher, Director at Lisney Cork, assessing the current market in Cork says:
“Cork’s property sector is currently strong, both residentially and commercially, showing a resilience over the years that has led to ongoing development, even in times of slow economic growth. The city’s investment market remained busy in the last quarter, recording a turnover of €150 million. This accounted for almost 12.5% of the market nationally during that period.
“There are challenges to circumvent and overcome in the residential sector, with a shortage of suitable and affordable housing in some areas.
“Moves will have to be made by the industry and by Government to ensure we are able to come up with solutions to these problems. Reducing VAT on the cost of delivering new homes and retaining the Help to Buy Scheme are two such measures that we believe will have a big role to play.
“For our part, Lisney plans on being around for at least the next 50 years to play a hands-on role in the further development of Cork’s property landscape.”