MyHome.ie Blog
  • MyHome Living
  • News
  • RetroFit Hub
  • Buyers Advice Hub
  • Selling
  • Renting
  • Mortgages
  • Property Report
MyHome.ie Blog
  • MyHome Living
  • News
  • RetroFit Hub
  • Buyers Advice Hub
  • Selling
  • Renting
    • Mortgage Learning Center
    • Calculators
    • Best Mortgage Table
  • Property Report
    • All Properties
    • Houses For Sale
    • Apartments For Sale
    • Available To View
    • Overseas Holiday Homes
      • Properties For Auction
      • Upcoming Auctions
      • BER Assessors
      • Property Conveyancing Solicitors
      • Pre-Purchase Surveyors
    • Find Agents
    • All Properties
    • Houses To Rent
    • Apartments To Rent
    • Available To View
    • Share
      • Irish Holiday Homes
      • Overseas Holiday Homes
  • New Homes
    • For Sale
    • To Rent
    • Auction
      • Residential Land
      • Commercial Land
      • Farm Land
      • Farms
      • Sites
    • MyHome Living
    • Buyer Advice Hub
    • Property Report
    • Property Price Register
    • Price Changes
  • Mortgages
    • Rental
    • Holiday Homes
    • Commercial
    • Sharing
Advertisement
  • Home
  • Uncategorized
  • CBRE Research Bi-Monthly Report - The Irish Investment Market
Uncategorized
Nov 4, 2011 - 15:51

CBRE Research Bi-Monthly Report - The Irish Investment Market

MyHome Content Studio
By MyHome Content Studio
Share this article
Facebook Share Twitter Share Linkedin Share Email Share Whatsapp Share
CBRE Research Bi-Monthly Report - The Irish Investment Market

Uncertainty about the controversial proposed review of upward only rent review provisions in business leases has now dragged on for almost a full year.

It is frustrating that this issue has effectively stalled transactional activity since the beginning of 2011 at the very time that international investor appetite for prime investment assets had begun to materialise.

The lack of clarity around this particular issue has also impacted on the performance of the investment sector in 2011. This is evidenced by the most recent data from the Investment Property Databank (IPD) for Q3 2011, which confirmed that Irish capital values declined by a further 4.6% in the three month period to the end of September, representing an almost 65% decline from peak.

There have been only four investment transactions of note signed in the Irish market to date in 2011. The only investment transaction completed recently was the sale of a retail park in Limerick for approximately €30 million. Although there has been a dearth of prime investment properties being offered for sale, a number of attractive investment properties have officially come to the market in recent weeks, including the Riverside II office building in Dublin Docklands; the Plaza 4 building at Custom House Plaza in the IFSC and the One Warrington Place office building in Dublin 2, all of which are generating a lot of international appetite.

Advertisement

These sales will be important barometers for the investment sector, creating the transactional evidence necessary to accurately determine current pricing and yield levels if they are sold. Without meaningful transactional evidence, our prime yield series can only represent a synthetic indication of what an investor would be likely to pay at this juncture for a prime asset let at an open market rent.

The fact that NAMA have recently announced plans to provide staple financing to facilitate some commercial property purchases is encouraging as is the news that the Government are possibly considering reducing the rate of stamp duty on commercial property in the forthcoming Budget. Both of these measures, while unlikely to significantly stimulate transactional activity in their own right, will certainly help to facilitate transactions.

To date, NAMA’s approach has been to sell assets and be repaid on a ‘borrower by borrower’ or ‘loan by loan’ basis but they have now announced their intention to package up loans for sale as portfolios, which would appear to be a more sensible solution.

Subscribe to our weekly MyHome Living eZine today

Processing your request...

You are subscribed now!

<

  • Tags
  • Irish Investment Market
  • upward only rent review
MyHome Content Studio
By MyHome Content Studio
Share this article
Facebook Share Twitter Share Linkedin Share Email Share Whatsapp Share

Helpful Links

Find your home on MyHome
Read more Articles
Calculate what you can afford to borrow
Welcome to the Retrofit Hub
Advertisement
Advertisement

Related News

What is a Heat Pump?
Uncategorized

What is a Heat Pump?

Feb 27, 2025
Living Cities Initiative
Uncategorized

Living Cities Initiative

Jan 14, 2025
Digital Services Act
Uncategorized

Digital Services Act

Mar 31, 2024
Avant Money and Finance Ireland announce new rates
Uncategorized

Avant Money and Finance Ireland announce new rates

Dec 09, 2021
Average deposit of first-time buyer was €52,000 in first half of the year
Uncategorized

Average deposit of first-time buyer was €52,000 in first half of the year

Dec 07, 2021
Frequent And Popular Searches
MyHome.ie Blog
Help
Jobs
About
Equality Guidelines
Brand Safety
Contact
Terms & Conditions
Cookie Policy
Privacy Policy
Digital Services Act
Sitemap
© Copyright MyHome.ie 2025
Advertisement