The latest Irish Property Index released by JLL shows overall returns of +3.2% in the second quarter.
This is the 19th consecutive quarter of positive growth. Overall Returns in the last 12 months total +22.8%. The Overall Returns Index is now +13.2% higher than the previous peak in final quarter of 2007.
Capital Values increased by +1.9% in the quarter and +16.2% in the year. Overall Income increased by +0.3% in the last 3 months. In the last 12 months, it has marginally decreased across the portfolio by -1.2%.
Associate Director and Head of Research at JLL, Hannah Dwyer said, "The Index continues to perform steadily, with modest growth across all indicators. In Q2 2016, Britain voted to leave the European Union, and although is too early to predict the long-term impact of Brexit, there may be a short-term bounce from occupiers."
She added, "It is hoped that Ireland’s strong forecast economic growth positions it strongly to react to any negative impacts. At this stage, the key indicators in the Index are expected to continue to perform steadily in the short-term”.
Source: www.businessworld.ie
