Return on investment in Irish property declines for third quarter in a row

A new JLL commercial property report has shown that overall returns decreased by 3 per cent

The latest JLL Irish Property Index showed that overall returns decreased by 3 per cent during the first quarter of 2023. Picture: Getty

Return on direct investment in Irish property declined for the third consecutive quarter, a new report from JLL Ireland has shown.

The new details on Ireland’s commercial property market come as values in the sector have been hit by remote working and interest rate hikes.

As reported by the Business Post, in the last six months, some of the largest commercial property funds in Ireland have collectively booked almost €290 million in write-downs on their ...