Property showing signs of stability after Covid plunge – Independent.ie

The Covid-linked plunge in commercial property values has moderated but prices in prime shopping districts are more than a third below pre-pandemic levels.

ey segments of Ireland’s commercial property market are showing signs of stabilising, according to MSCI’s highly regarded IPD/SCSI Ireland Quarterly Property Index for the quarter ended September 30, 2021.

The industry benchmark showed that of almost €8.5bn of quarterly valued investment property,  the capital values declined by only -0.1pc in the three months.

This is the smallest such value decline in over two years, according to Colm Lauder, Real Estate Analyst  with Goodbody Stockbrokers. 

Retail values continued their decline but at a slower rate of only 0.9pc; the best such performance in two years.

Mr Lauder says the Irish retail trend is following the UK, in that the improvement was driven by a return to improved investor sentiment for retail warehouses and parks.

However values on Dublin’s Grafton Street, Ireland’s top

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