Sign up to The Irish Times Archive (1859 - 2008)My Account »
Wed 07 Jul 2010Capital values fall by 4.7%
Falling rents have led to a decline in commercial property values in the second quarter of 2010 – and they are down 58% from the 2007 peak, writes JACK FAGAN
CAPITAL values in the commercial property sector are slipping again as a direct result of falling rents. The latest Irish Property Index (IPI) from Jones Lang La Salle shows that capital values declined by 4.7 per cent in the three months up to the end of June and by 58 per cent since they peaked in the third quarter of 2007.
Choose a Subscription type - required
