Price dip ending as investment rises
Irish commercial property prices appear to have stopped falling but more deals will need to be done in order for this view to to be widely accepted.
This is the view of John Moran, managing director of Jones Lang LaSalle, who expects turnover for the 2010 investment market to exceed the total for 2009.
"Predictions for year end investment turnover in the Irish market are either €250m or €550m depending on whether the Liffey Valley sale proceeds," he adds.
Investment deals in the first half exceeded €115m, a rise of 41pc on the same period in 2009, states Dr Clare Eriksson, head of research at JLLS. "All of the 2010 deals have been undertaken by either private Irish or overseas investors.
Ten out of the 12 Irish investment 2010 deals have been for retail property. Banks selling branches accounted for the majority of these deals.