Commercial property market investment plunges by 90%

INVESTMENT in the Irish commercial property market plunged more than 90% in the last year but experts say activity is starting to pick up.

A report from property consultants CB Richard Ellis showed €41.6 million was invested in the commercial property market in the first half of the year compared with €392m in the same period last year.

However, €40m of this year’s investment was done in the last three months, which shows activity is starting to pick-up, according to CB Richard Ellis.