Fears of office market bubble unfounded
Normal market conditions are emerging after three years of recovery
Recent claims that the Irish office market was facing a bubble appear to be dashed by trends in both the property and stock markets.
Share prices for the two Irish Reits – Green and Hibernia – had fallen to close to their 12-month lows by the start of last week. Moreover, the IPD index for commercial property signalled that the market was cooling and Irish estate agents are signalling ...