Irish property returns hit 6.3% in the second quarter of 2014, according to the latest data from MSCI.
The figures in the IPD/MSCI Ireland Quarterly Property index showed total returns continued to gain in strength following a first-quarter rise of 4.3%.
Offices were the best performing sector, with returns of 7.4% over the quarter. In the twelve months to the end of June total returns from offices hit a record high of 37.7%.
Rental values recovered from a first-quarter dip, with a 6.1% increase in values in the second quarter.
Commercial property saw total returns of 33.7% over the 12 months to the end of the June – more than double that of 16.7% for the UK.
MSCI’s Colm Lauder said: “We have also seen an improvement in the industrial sector, with total returns rising 250 basis points over the course of the second quarter of 2015.”
He added: “Values on Ireland’s leading high street have grown by 49% in the last 24 months, although this still leaves values 62% off the 2007 peak.”
