RETAIL rents in prime Dublin shopping areas have plunged as much as 50% from peak levels, according to property consultant CB Richard Ellis.

A new report shows retailers in Dublin are buying and selling property, in spite of a decline in sales.

Dublin: International commercial real estate firm, CB Richard Ellis (CBRE) has said that letting and sales activity in the Dublin office market during the first quarter of the year reached 48,275 square metres.

Dublin: Property consultants CB Richard Ellis have confirmed there were only two investment transactions completed in the Irish property market in the first quarter of 2011.

THE ongoing issue of rental pressure on retailers needs to be resolved between landlords, their tenants and their banks rather than government, according to the Irish division of international commercial property consultants, CB Richard Ellis.

Dublin: The Irish arm of international commercial real estate firm, CB Richard Ellis (CBRE), has forecast a quarterly and annual recovery in office transactions for the final three months of the year.

ONE of the country’s largest property firms, CB Richard Ellis, expects to return to profit this year after pre-tax losses increased by 58% to over €850,000 last year.

ONE-in-four chief executives surveyed say they expect to increase employee numbers next year.

A BUYER for Dublin’s Four Seasons Hotel is expected to be found before the end of the year, according to the Irish office of international real estate specialists CB Richard Ellis which is in charge of the sale process.

THE latest analysis of the Irish commercial property market suggests tentative signs of a pick-up are starting to emerge.

OFFICE space in Dublin is as much as 60% more expensive than Cork and Belfast, but Ireland’s low corporation tax rates means companies are still being attracted to the capital.

EUROPEAN property and investment markets are making small improvements, according to two fresh international surveys, with Paris and London continuing to lead the subdued rallies.

NORTHERN Ireland could soon be in a position to better challenge the Republic for foreign direct investment after the potential for lowering its rate of corporation tax was raised in yesterday’s emergency British budget.

VACANCY rates in the Dublin office market have fallen for the first time in two years, with experts saying a two-tiered system is emerging with prime locations in more demand.

CONSUMER spending and confidence are expected to stabilise as the year progresses, even though retail sales nose-dived by 17.3% in January.

RETAIL sales plunged a record 14% in 2009, in what was the worst year ever for a sector, crippled by job losses and falling sales.

THE proposed windfall tax of 80%, which was included as part of the NAMA legislation, has created its own mini tornado following a clarification when it passed through the Senate.

BANK of Ireland is still rated a buying opportunity since its recent loss in share value, according to Merrion Stockbrokers.

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%.

Office rents in Dublin’s “prime” locations have fallen by as much as 40% from the market’s peak in 2006 and 2007, according to a report issued today by property consultants CB Richard Ellis.

PRIME office rents in Dublin are almost three times more expensive than Belfast.

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

A leading property consultancy firm says the market is showing signs of life.

TAKE-UP in the Dublin office market, although down 30% on a yearly basis has begun to pick up, according to estate agents CB Richard Ellis.

There was a slight upturn in the European commercial property market in the last three-month period, as investors spent €13bn in Europe, bringing total investment spend in the first half of 2009 to €24.5bn, according to findings released today.

INVESTMENT in commercial property in Ireland has plunged 89% from €392 million to almost €42m in the first half of the year.

INVESTMENT in the Irish commercial property market plunged more than 90% in the last year but experts say activity is starting to pick up.

AIB is looking to raise more capital via the sale and leaseback of seven branches in its property portfolio – a move which could raise an estimated €20 million for the bank.

ONE of the country’s leading dairy co-ops has launched a summer campaign to encourage communities in Connacht to get out and support businesses and employment in their own region.

DUBLIN is still one of the most expensive places in the world to have an office, just clinching a spot in the global top 10.

THE Government is likely to have to inject further capital into AIB and Bank of Ireland as part of its “bad bank” plan to cleanse the sector of soured assets, a government minister said yesterday.

A FIRM of estate agents has brought a legal action against one of the country’s largest property developers claiming €1.5 million in unpaid fees.

Woolworths could be broken up as early as this week as around a dozen serious bidders circle the high street chain, Sunday newspapers in England said today.

FORMER taoiseach Bertie Ahern has been taken on to add some clout to Northern Ireland-based property development company Parker Green International as it looks to further expand its international presence.

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

BUSINESSES are putting expansion and relocation plans on hold until the economic downturn passes.

BUSINESSES putting expansion and relocation plans on hold has resulted in a drop in demand for office space in Dublin.

TAX harmonisation could be the biggest threat to the Irish office market.

A leading group of property consultants have warned that Ireland's commercial property market has weakened significantly in recent months.

HOTEL operator PREM Group said its European Hotel Consortium (EHC) — a joint venture with Goodbody Stockbrokers — has reported an increase in value of €37 million.

Worries about the economy are hitting consumer spending, a new report warns today.

The latest report on the property market here suggests that things might not be as bad as we think.

IRISH property company China Real Estate Opportunities Limited has seen its property holdings in China increase in value to €872.4 million, an increase of €70m in just six months.