Building on the recovery: should we be worried?
Dermot O’Leary, chief economist at Goodbody, offers his thoughts on commercial property market
The Irish commercial property market is extremely prone to cycles and is rarely in equilibrium. However strong the fundamentals may be, external factors play a strong role.
Right now the market appears to be tracking a robust recovery in the domestic economy. But global influences may ultimately have more to say than local factors.
So, with Irish commercial property almost as expensive as it was before the crash, should we be worried or is there...
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