Monday, September 09 15:24:38
A new commercial property survey suggests that the Irish investment market has turned a corner but the outlook remains relatively weak across Europe in the second quarter of 2013, with the exceptions being Germany and Belgium.
The new Occupier Sentiment Index (OSI) was carried out by the Royal Institution of Chartered Surveyors (RICS) - the Society of Chartered Surveyors Ireland (SCSI) collated responses in this country - and is intended as a summary measure of sentiment in the occupier market.
The Index returned negative readings for most of the 15 countries surveyed with Greece and France occupying the bottom slots of the country rankings. Ireland ranked fourth behind Romania and Germany, with Belgium claiming the top slot.
A spokesperson for the Society of Chartered Surveyors Ireland (SCSI) believes, "sentiment in the commercial market has definitely shown signs of improvement in particular from international companies seeking to locate here". The SCSI are also issuing concern, "a problem recently highlighted by the IDA, is the lack of availability of suitable space for international and high-tech firms seeking to locate here".
While Belgium, Germany and Austria topped the rankings with positive readings, Bulgaria Italy and Greece were the worst performing countries. Ireland had a mid-table position in 8th place.