28 April 2015
Tuesday, 29 April 2015. Investment returns from Irish commercial property, as measured by the SCSI / IPD Ireland Quarterly Property Index, have cooled in the first quarter of 2015, as the market appears to be stabilising following the initial bounce-back recovery of 2014.
Q1 returns closed at 4.3 per cent in the three months to the end of March 2015, down from the 8.6 per cent returned in the final quarter of 2014.The cooling returns do not suggest a slowing market, rather a stabilising in performance given the aggressive capital and rental value growth that occurred in 2014.
Significantly, returns were more balanced across Irish property types, segments and sectors in Q1 compared to previous periods in 2014, as sustained value growth was recorded across the vast majority of the market.
Members of the SCSI can view the SCSI/ IPD Q1 2015 Property Index here.