Property sector struggling outside Dublin

Two new reports show that all sectors of the property market continue to struggle, although there are signs that the Dublin industrial property market could be close to stabilising.

New figures released by GeoDirectory reveal that 5,620 new buildings were added to the national stock over the first six months of 2012, which is a 23% drop on the first six months of 2011. There were 1,889,143 buildings in the Republic at the end of June.

There has been a 94% drop in the number of new buildings completed over the first six months of 2012, compared with the same period in 2007.