Irish commercial property market capital value plunged 42.7% in 12-months to June 2009
Aug 7th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Ireland is once again confirmed as Europe’s hardest hit commercial property market, with a two-year peak-to-trough capital depreciation of -48.6%, according to the SCS / IPD Irish Quarterly Property Index for Q2 2009. The vast bulk of this Irish decline has come in the last year, with the 12-month change in capital growth to the end of June now -42.7%.