Irish commercial property investment at virtual standstill in recent months; Irish investment in UK property plunged in first six months of 2008
Aug 25th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Irish commercial property investment has been at a virtual standstill in recent months. Since the beginning of the year, the Irish property investment market has been characterised by a lack of transactional activity, with only €392 million of Irish investment deals signed in the six months to the end of June 2008 compared to €1.9 billion in 2007. Irish investment in UK property plunged to €795 million in the first six months of 2008 compared with €5.5 billion of investment transactions in the UK in 2007.