Recovery up North
THE recovery in the commercial property sector in Ireland has extended north of the border, with deal levels expected to top £200m there this year.
Separate reports from Savills and CBRE both showed the commercial sector in Northern Ireland was beginning to recover, although things are still some way away from the height of the boom.
Ben Turtle, Director of Investments at Savills Northern Ireland said, "2013 marked a new beginning in the Northern Irish investment market. The increase in business and consumer confidence led to a variety of new purchasers entering the market and we expect this momentum to continue in 2014.
"We are already aware of £100m of stock scheduled to come to market in the first half of the year and with economic conditions improving, we predict that transactional activity will increase this year with volumes exceeding £200m."