Property
AIB’s Hunt anticipates Irish commercial real estate to stabilise by end of 2024
The chief executive said there were significant reductions in valuations in 2022 and 2023
AIB’s chief executive Colin Hunt said he is expecting the commercial real estate market to “stabilise” by the end of 2024.
Speaking after the bank’s annual general meeting on Thursday, Hunt said the value of commercial real estate “responds quickly in a liquid market to changes of expected yields”.
“As we move towards the back end of the year we are expecting official rates to come down, we are expecting yields to come back,” he ...
