Irish commercial property capital values tumbled in Q4 2008 - down -37.2% in 2008; More than 5 years of UK growth eroded in 18 months
Feb 2nd, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Irish commercial property capital values continued to nosedive in the final quarter of 2008, eclipsing the previous quarter’s record fall by tumbling -17.7%. All Property capital values slid -37.2% over the full calendar year, while total returns on investment in Irish commercial property were -34.2%, according to the SCS / IPD Irish Quarterly Property Index. More than 5 years of UK capital growth has been eroded in 18 months, says IPD, in another report today.