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Northern Ireland Commercial Property Investment Review 2014

Haran, M, Berry, JN, Adair, AS and McGreal, S (2015) Northern Ireland Commercial Property Investment Review 2014. Belfast City Council and consortium of commercial property agents. MSCI. 12 pp. [Research report (external)]

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URL: https://www.msci.com/documents/10199/93cacb24-ea7b-4977-8287-054c2c835ffd


Improving investor sentiment boosted Northern Ireland real estate performance in 2014, leading to some yield compression as the demand for assets grew, and prices tightened as theyear progressed. This was reflected by a positive yield impact of 2.2% within the total return of 10.9%. Equivalent yields compressed from 8.0% to 7.8% over the year, further evidence of the strengthening of pricing in the market. Despite this, pricing in Northern Ireland remains comparatively discounted against the rest of the UK and Republic of Ireland, where end-2014equivalent yields were 6.0% and 6.5% respectively.

Item Type:Research report (external)
Keywords:Commercial Real Estate, Northern Ireland, MSCI, Performance Benchmarking, Total Return, Income Return, Yield Compression, Yield Impact.
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:32116
Deposited By: Prof Martin Haran
Deposited On:22 Jul 2015 12:26
Last Modified:22 Jul 2015 12:26

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