Irish commercial property market could lose €10bn in value in 2023

Significant write-downs are expected in response to rising interest rates and reduced demand, while values across retail, industrial, logistics, office and residential units could fall between 10 and 20 per cent this year

Dublin’s docklands: it has been forecast that prime Grade A office blocks in Dublin city centre will lose up to 20 per cent of their value this year. Picture: Getty