Property management critical as recovery gains strength

IT HAS been an active nine months for Ireland’s commercial property market, with further increased transactional activity anticipated between now and year end.

The residential, office and hotel markets witnessed investment at pace earlier in the year, with increased focus now moving towards the retail sector.

The backdrop to this recovery, finds its basis in a much improved labour market and the expectation of a more neutral budget. At a national level, consumer confidence is running at its highest level in seven years, retail sales are up 4.8% versus last year and the latest annual increase in employment to 1.88m has resulted in unemployment levels falling to 11.2% as of the end of August.