Property investment values exceeded €5.5bn in 2021

  • 📰 RTEbusiness
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 61%

United States News News

The improved performance was driven by a number of factors, including an improved outlook in the context of the Covid-19 pandemic and the vast amounts of money being injected into the system by central banks globally.

Over €5.5 billion was invested in commercial property in Ireland last year, according to an analysis of the market by estate agents Savills.

It is understood there was considerable interest in acquiring the property with strong bidding from a number of parties. The retail sector also performed strongly with 13 assets exchanged in the final quarter of the year alone. "Retail parks have performed well during the pandemic, driven by stable demand for electrical goods, furniture, food, and household items," it stated.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 16. in US

United States United States Latest News, United States United States Headlines