Paris and London lead European property rally

EUROPEAN property and investment markets are making small improvements, according to two fresh international surveys, with Paris and London continuing to lead the subdued rallies.

And the Irish commercial investment market is up 41% for the half-year, at €115 million, compared to the same 2009 period.

A survey of 55 European locations by CB Richard Ellis found that office rents are inching back up and prime rents and yields are “broadly stable”.