Jones Lang LaSalle’s most recent data on Ireland paints a bleak picture for the real estate market.
While overall returns in the Irish market rose by 0.1% in the second quarter of 2012, capital values fell by 2.3% and income by 2.5%. Rental values were one bright spot, rising by 1.4%.
The findings come as a disappointment after encouraging results in Q1, when rental income rose 1.6% and values by 0.7%.
The retail market saw the greatest decline in capital values, falling by 2.9%, compared with a 1% decrease in Q1.
sophia.furber@estatesgazette.com
