Commercial property sales down 35pc

Green_Bear · October 18, 2007, 6:34am

The volume of property sold by Irish commercial investors fell by almost 35pc in the first half of 2007, according to new research by estate agents CB Richard Ellis. CBRE say that Irish investors sold just €1.39bn worth of property in the first six months of the year, down from €2.135bn for the same period last year. But while the commercial sales have collapsed, buying activity remained high, with just over €5bn worth of commercial deals sealed in the first half of 2007. The estate agents’ chief economist Marie Hunt stressed that while the volume of sales was almost static, the end destinations of Irish investment had altered considerably.
In 2006, Irish investment was geared predominantly towards Ireland and the UK, with €3.3bn (or 27.5pc) spent in Ireland, and €5.5bn (46pc) spent in the UK. In the first six months of the year, spending in the Irish market accounted for just 14.4pc of Irish investors’ total spend, while UK projects has jumped to almost 50pc. Ms Hunt said she expected the move away from Irish commercial property to be a continuing trend. >>>>

Commercial property sales down 35pc
independent.ie/business/iris … 98818.html

johnboy · October 18, 2007, 7:46am

rushing towards the UK market just in time to catch the top there too! timing is everything.

Open_Window · October 27, 2007, 12:36pm

Today on the way in I noticed a Credit Union for Sale that I think had the sign put up in the last day or so on Manor st

Then I see this on daft daft.ie/517171

One swallow a summer does not make but that said I am seeing a lot of swallows.

CelloPoint · October 27, 2007, 1:13pm

Absolutely staggering find! I think we’ve achieved a new milestone with that one…

I love the red “100% mortgages available here” stickers at 45 degree angles on the windows.

https://images1.daft.ie/photos/images/commercial/10000/17171/Homeloans_001_front(400x300).jpeg

Welcome to my lair… Please, have a seat…

https://images1.daft.ie/photos/images/commercial/10000/17171/Homeloans_006_office(400x300).jpeg

The_Unwelcome_Guest · October 28, 2007, 2:25am

It’s fucked.

Is an understatement.

Panzraam · October 30, 2007, 3:19pm

If you look carefully I think you can see that the next-door premises (to the right) is that of disgraced solicitor Thomas Byrne (see page 9 of this weekend’s SBP). I suppose that will be for sale soon also.