| From Finfacts.ie: Irish commercial property delivered an annual total return of -2.4% in 2010, according to the SCS/IPD Ireland Quarterly Property Index. This compares to a -23.3% return in 2009. Dublin's Grafton Street has seen a -68.4% loss in value in 3 years.
The shallow annual return masks a double-digit capital depreciation of -10.7%, which was driven by a second-consecutive year of steep falls in rental values, at -19.3%. This was only a slight improvement on 2009’s -22.4%, which compounded since the beginning of 2009, has delivered a rental decline of -37.4%..............................................Full Article: Source
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