A potential €10 billion correction in Ireland’s commercial property market gathered pace last month as rising vacancy rates in the office market combined with higher interest rates continue to drive a sharp adjustment in the market.
Retail investors and pension funds are facing double-digit losses on the value of their investments in commercial property assets, with the Central Bank of Ireland warning last week that the market is now in a “downturn”.
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Fuente: businessposthq - 🏆 8. / 71 Leer más »