Property

Colm Lauder: Investment property market re-pricing continues as big transactions set to test the market

First quarter valuation declines were sharpest in the oversupplied office sector, where rents have now declined consistently since the onset of the Covid-19 pandemic

Office rents in Dublin’s older IFSC are falling at more than double the rate of rents in the South Docks. Picture: Derek Speirs

The UK investment property market, especially in London, may have shown some tentative signs of progress in the latest valuation data for the end of March 2024, but the Irish market looks to still have some way to go, for commercial property at least, before values bottom out.

This was evident in the latest data released by IPD last Tuesday, which showed a further contraction of 2.5 per cent in the average value of ...