Property market recovery continues

THE commercial property market is showing continued signs of recovery, with around €450 million worth of new deals in the pipeline.

This is according to consultancy CB Richard Ellis (CBRE), which found Ireland to be one of the strongest recovering territories in its latest quarterly European commercial real estate investment survey.

The report, which shows that investment turnover across Europe as a whole reached €23.5 billion in the second quarter of the year, ranked the likes of Ireland, Austria and the Czech Republic as experiencing the highest quarterly increases, “albeit from a very low base”.