| From Propertyeu.info: Accelerated rental falls in Irish commercial property has stifled the market's recovery, driving steeper capital depreciation over the three months to the end of June, at -3.5%, according to the SCS/ IPD Ireland Quarterly Property Index.
The precipitant rental decline - which reflect aggressive tenant bargaining, rising vacancy rates and continued below trend consumer spending - was -7.5% over the quarter and a compounded -30.6% across the entire 18 months rents have been falling..............................................Full Article: Source |