The pace of decline in Irish commercial property values slowed in the first quarter of this year. However the retail warehouse sector outperformed the market with a 0.74pc increase in values.
Dublin has experienced six office market cycles since 1960. This is not unusual – office cycles are driven by universal forces that make them ubiquitous.
The value of Irish property deals collapsed to the lowest level since 2013 at the end of last year as US, German and other foreign buyers who have dominated the sector for a decade sat on their hands.
Ires Reit’s share price reached a three-month high this morning, after its largest shareholder supported demands for an overhaul of Ireland’s biggest private sector landlord.