Property
First quarter valuation declines were sharpest in the oversupplied office sector, where rents have now declined consistently since the onset of the Covid-19 pandemic
The UK investment property market, especially in London, may have shown some tentative signs of progress in the latest valuation data for the end of March 2024, but the Irish market looks to still have some way to go, for commercial property at least, before values bottom out.
This was evident in the latest data released by IPD last Tuesday, which showed a further contraction of 2.5 per cent in the average value of …