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Wed 07 Jul 2010Commercial rents continue to fall - and at a faster pace
With property values still falling, Jack Faganexamines the Q2 results and, below, the IPD’s Phil Tileylooks at the broader picture
AN ACCELERATION in rental falls has stifled recovery in the Irish commercial property market, driving steeper capital depreciation over the three months to the end of June. The latest report from London researcher Investment Property Databank (IPD) shows that capital values declined during the quarter by 3.5 per cent compared to 1.8 per cent in the previous three months.
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