Commercial property lift

The high levels of investment activity already seen in the Irish commercial property sector this year, are expected to continue during the autumn months, with transactional activity involving pubs and hotels set to figure strongly.

Almost €1bn has been invested in the year to date and leading property consultant, CBRE claims in its latest bi-monthly sectoral update that momentum is only likely to continue as the year progresses.

“We continue to see prime real estate improving in value, as yields in almost all sectors of the market contract in response to the weight of capital chasing investment opportunities and expectations of future rental and capital appreciation,” said CBRE Ireland’s executive director Marie Hunt.