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News Release

Dublin

Positive results across all indicators for Qtr 4 2013

Overall results show a 7.6% increase for the quarter


​The Jones Lang LaSalle Irish Property Index had a strong quarter, with positive results across all indicators. Overall Returns were positive for the 9th consecutive quarter, with a +7.6% increase in Q4 2013. This is the largest quarterly increase since Q4 2005. In the last 12 months, Overall Returns have increased by +16.5%.

 

Capital Values increased for the third consecutive quarter, with growth of +5.2%. The greatest increase was for offices (+6.2%), followed by retail (+5.3%) and Industrial (+0.2%).  It is the second consecutive quarter that there have been increases in Capital Values across all sectors. It is also the first quarter that Overall Capital Values increased year-on-year Q4 2008.
Hannah Dwyer, Head of Research said that “the Index results this quarter reinforce the signs we are seeing of continued recovery and stability across property markets. Capital Values have increased across all sectors by +6.2% in the last 12 months, and ERV’s have increased by +3.3%. Recovery is being led by the offices sector, with Capital Value increases of +10.7% in the last 12 months and Rental Value increases of +15.3% over the same period. A strong surge of investment and letting activity in the final quarter of 2013 provided market evidence for valuation and in some cases supported an increase in value.”