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
  • Commercial real estate market may finally have bottom out
Uncategorized
Jan 18, 2012 - 14:59

Commercial real estate market may finally have bottom out

The MyHome Newsdesk
By The MyHome Newsdesk
Share this article
Facebook Share Twitter Share Linkedin Share Email Share Whatsapp Share
Commercial real estate market may finally have bottom out

The commercial real estate market may finally be bottoming out after the Jones Lang LaSalle Q4 Irish Property Index showed that values rose by 1.2% in the final quarter of 2011.

This is the first time values have risen since the third quarter of 2007 with Jones Lang LaSalle attributing the marginal recovery to the 4% reduction in stamp duty in December’s Budget.

Had this not occurred, the underlying fall during the final quarter would have been minus 2.6%. Overall in 2011, capital values fell by 10.1%.

Hannah Dwyer, research analyst with Jones Land LaSalle, said that while the increase in capital values appears positive, the fact that overall they had fallen by 63.8 per cent since they peaked in the third quarter of 2007 could still not be ignored.

Advertisement

“Plus, with remaining economic uncertainty across Europe, it would be naive at this stage to assume this shows the market has started recovering. There are, however, signs of some stabilisation in the pace of fall, with a lot of bad news already priced in.”

She said another important factor was the Government’s clarification that it would not be proceeding with legislation to retrospectively ban upwards-only rent reviews in existing leases.

The modest improvement in the JLL Index is positive and follows the recent CBRE prediction that the Irish CRE market will stabilise over 2012 and 'begin to emerge from the most significant correction it has ever experienced' and the latest Rental Indices compiled by Lisney, which suggest that the bottom of the cycle may now be reached.

Subscribe to our weekly MyHome Living eZine today

Processing your request...

You are subscribed now!

<

  • Tags
  • Budget
  • capital values
  • CBRE
  • commercial real estate market
  • Irish Property Index
  • Jones Lang LaSalle
  • Lisney
  • marginal recovery
The MyHome Newsdesk
By The MyHome Newsdesk
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