Dispute over significance of property yields

‘The fall in property values has pushed up property yields. Yields are now above their long-term average, and this suggests that values are bottoming out,” said finance minister Brian Lenihan to the Dáil following the publication of the Nama discount

19th September, 2009

‘The fall in property values has pushed up property yields. Yields are now above their long-term average, and this suggests that values are bottoming out,” said finance minister Brian Lenihan to the Dáil following the publication of the Nama discounts last week.

‘‘In fact, the gap between yields and interest rates is much higher than at any time since the mid-1990s,” he said. Lenihan took comfort from research conducted by estate...

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