Is there still value in the Irish commercial property market?

Last year saw sustained recovery in the Irish commercial property market with Dublin leading the way. Investors from all corners of the globe have been enthusiastically acquiring discounted assets as the great deleveraging of Ireland accelerates.

With this growing demand, will Dublin remain globally competitive as values surge and yields normalise? People are now beginning to ask if there is still value in Irish real estate.

To date Dublin has seen capital values surge by 30 per cent in 2014. The recovery has followed a similar pattern to that of the UK market, with offices in respective capital cities driving performance but with retail and regional properties lagging behind.

The returns achieved in Dublin makes it the top performing office location globally, as measured by MSCI Real Estate, with a remarkable total return to investors of more than 37 per cent in the first nine months of 2014.

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