Building and borrowing costs squeezing commercial property investment and land sales

📆 10/9/2023 7:37 AM
📰 IrishTimesBiz

⏱ Reading Time:
26 sec. here
2 min. at publisher
📊 Quality Score:
News: 14%
Publisher: 77%

United States News News

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

This year set to be 'one of the weakest on record', according to Sherry Fitzgerald

According to Sherry FitzGerald, investment in Irish commercial property totalled €430 million in the third quarter, well below the long-term third-quarter average of €788 million. Photograph: Nick Bradshaw

Rampant inflation in the price of wholesale construction materials, meanwhile, has “compounded” the difficulties, said Jean Behan, senior economist at Sherry Fitzgerald Research, “affecting the feasibility of developments and dampening forward fund and forward commit structured investments”. Overall, commercial investment turnover has reached €1.4 billion so far this year, a 64 per cent decline from the first nine months of last year while the value of land sold has fallen by around half to €226 million.

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:

Write Comment

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

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Post Script: Betting industry jockeys for position, Fitzgerald holds firm, Tenth Man nabs O’NealThe Business Post team takes a look at the scenes behind the stories
Source: businessposthq - 🏆 8. / 71 Read more »