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Irish commercial property market to polarise

Posted on 11 January 2013

The Irish commercial property market is likely to see greater polarisation in 2013, as demand rises for prime property in key locations, while secondary and provincial properties take longer to unwind. In its outlook for 2013, commercial property consultant CBRE is bullish about the prospects for prime property, considering the weight of demand from a range of international investors for opportunities in the Irish market.
“The prospects for prime property are considerably better than secondary with increased polarisation likely to be a key trend in 2013,” said Marie Hunt, executive director and head of research at CBRE, adding that the sector is moving into a “recovery phase”………………………………………..Full Article: Source

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