Losses mount for Irish in Britain

Caution is being counselled as the investment value of British commercial property drops by 20 per cent. Neil Callanan and Emma Kennedy report.

8th December, 2007

Caution is being counselled as the investment value of British commercial property drops by 20 per cent. Neil Callanan and Emma Kennedy report.

Irish investors who bought commercial property in London in the past year have lost about 20 per cent on their investment value, as the credit crunch and diminished appetite for commercial property has led asking prices to drop.

The recent fall-off in asking prices comes on the back of what has been a huge...

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