Cork retail property 68% off peak

Retail property values in Cork City have slumped by over 68% from their peak in 2007, the first analysis of the city’s retail property market shows.

Retail property value in Cork fell further than in Dublin, but positive trends are emerging, according to the International Property Databank.

Strong initial yields at low sales values now make Cork City an attractive option “to investors circling distressed, investment-grade assets,” notes IPD research analyst Colm Lauder.