Dublin licensed property market remains ‘very subdued‘

Raymond Barlow, chair, Aurivo, Lawerence McNamee, board member, Aurivo, Charlie McConalogue, Minister for Agriculture, Food, and the Marine, Joe Manning, commercial director, Tesco Ireland and Stephen Blewitt general manager Dairy. Pic: Clive Wasson

The Dublin licensed property market remains ‘very subdued’ reflecting both the challenging trading conditions for publicans and the lack of available funding, according to the bi-monthly report from property consultants CBRE.

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The Dublin licensed property market remains ‘very subdued’ reflecting both the challenging trading conditions for publicans and the lack of available funding, according to the bi-monthly report from property consultants CBRE.
The trend and demand to lease pub premises on a short-term basis continues to grow but there’s a shortage in supply of suitable properties to meet this demand, reports the company.
In recent weeks Receivers were appointed to another two pubs in Dublin, Cassidy’s Pub on Westmoreland Street and The Bayno Bar on Francis Street.
“The move away from the on-trade has accelerated with the economic downturn,” states the report.

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