MORE than €100 million was invested in the Irish commercial property market during the first half of this year – about €10m more than the levels for the whole of last year and highlighting a potential recovery in the sector.

NINE out of 10 of the country’s top chief executives surveyed will be implementing a pay freeze next year, with a third expecting the unemployment rate to go above 15%.

THE property market is not dead as there are encouraging signs evident in the commercial and occupier sectors.

COMMERCIAL property values in Ireland will drop further before the level of transaction activity in the market improves.

Property consultant CB Richard Ellis has appointed a new managing director for its Irish operations.