Capital values rise in commercial property market

Capital values rise in commercial property market

Capital values in the Irish commercial property market are expected to rise again in the IPD index

The London researcher IPD is expected to confirm later today that capital values in the Irish commercial property market rose in the three months up to last December – the first time they have shown some signs of recovery in four years.

The IPD index is likely to show that values rose by 0.2% in the final quarter because of a drop from 6 to 2% in stamp duty and the Government’s decision not to introduce a retrospective ban on upwards-only rent reviews.

Last week, agent Jones Lang LaSalle estimated that capital values rose by 1.2% in Q4. IPD’s finding will be welcomed by the commercial industry which saw values fall by 4.6% in Q3 and by 64.9 % since 2007.

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