Warning of commercial property sector bubble

Warning signals are “flashing” that the commercial property sector is nearing a “bubble stage” situation that could lead to a fresh crisis for the country in just two years.

A leading expert in the area made the claim to the Oireachtas banking inquiry hearing yesterday, saying it is imperative the concerns are listened to now if future problems are to be prevented.

Speaking to the cross-party committee in its final “context” stage discussion, John Moran, managing director of Jones Lang LaSalle Ireland, said it is clear the commercial property sector is in danger of overheating.