Upturn predicted in commercial property

THIS year is expected to see “a notable improvement” in both transaction volumes and values for commercial property — albeit more so in Dublin than elsewhere aroundthe country.

Twenty-nine investment transactions — with a combined value of €241.7m — took place in the Irish market during 2010.

This was a significant improvement on the 13 investment/€92m value ratio seen in 2009 and the positive trend is likely to continue this year.