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Northern Ireland Commercial Property Market in 2012

Haran, M, Adair, AS, Berry, J and McGreal, Stanley (2014) Northern Ireland Commercial Property Market in 2012. Belfast City Council, Department for Social Development (DSD). MSCI. 16 pp. [Research report (external)]

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Abstract

The commercial property market in Northern Ireland continues to evolve and the performance data within the report did indicate a difficult period in 2012 for property performance, with the market continuing to face a number of challenges. However, the research has highlighted the competitive strengths of Belfast from a property investment perspective on a like for like basis relative to other UK and European cities. The Belfastmarket has demonstrated strong income returns as well as strong total return performance relative to other UK benchmarks over the medium to long term investment horizons.A key conclusion to be drawn from the research is that now is an opportune time for investment in Belfast and Northern Ireland. The evidence indicates that investorsentiment towards Belfast is improving and it is imperative that this is built upon and that the mechanisms and infrastructure conducive to attracting investment are put in place and that Belfast and Northern Ireland continue to be actively promoted as an attractive investmentdestination.

Item Type:Research report (external)
Keywords:Investment Property Databank, IPD, Commercial Property Market Performance, Belfast, Northern Ireland
Faculties and Schools:Faculty of Art, Design and the Built Environment
Faculty of Art, Design and the Built Environment > School of the Built Environment
Research Institutes and Groups:Built Environment Research Institute > Centre for Research on Property and Planning (RPP)
Built Environment Research Institute
ID Code:29547
Deposited By: Prof Martin Haran
Deposited On:08 Jun 2014 21:01
Last Modified:08 Jun 2014 21:03

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