Daft Property - Irish Property News

A new survey by the Royal Institute of Chartered Surveyors (RICS) has found that not only are current property prices in Ireland the worst in the world, but the outlook for Irish commercial property values is also dire ... After a decade of phenomenal rises, Irish property has hit its lowest level yet. It's a far cry from those halcyon days when five of the ten counties with the highest house-price growth in the UK over the past decade were in Northern Ireland, with County Armagh's prices more than trebling. Commercial property Irish commercial property prices fell for the first time in five years during the first quarter of this year in what has been termed as an ‘unprecedented reversal' of the once buoyant market. Returns in the quarter were the worst since 1995. Since the beginning of the year, the Irish property investment market has been characterised by a lack of transactional activity, with only £322 million of Irish investment deals signed in the six months to the e...