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MSCI Northern Ireland Commercial Property Report 2015

Haran, M, Adair, AS, Berry, Jim and McGreal, S (2016) MSCI Northern Ireland Commercial Property Report 2015. Belfast City Council. MSCI. 12 pp. [Research report (external)]

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URL: https://www.msci.com/documents/10199/1ac667e4-9d8b-460d-b2d9-8b1cd477a88f

Abstract

The MSCI-Ulster University collaboration detailing the performance of the Northern Ireland Commercial property market is now in its fifth year of production. The research has been used to promote the investment potential of Belfast/N. Ireland to an institutional investment audience with key dissemination events in hosted in London (January 2016) and in Cannes as part of the 2016 MIPIM festival (March 2016). Key highlights for the 12 months to the end of December 2015 include Commercial property in Northern Ireland posting a total return of 6.2%. The Northern Ireland market continued to exhibit strong levels of passing rent which resulted in an income return of 6.5% in 2015. This remains amongst the highest income return recorded by an MSCI-measured market and provides a competitive pricing advantage for assets in Northern Ireland. At city level, Belfast property recorded an average positive total return of 6.9% outperforming a number of key European cities including Rome, Milan and Frankfurt. The Belfast office market was amongst the top performing in Europe with a total return of 22% in 2015.

Item Type:Research report (external)
Keywords:MSCI, Commercial Property Investment, Northern Ireland, Belfast, Total Return, Income Return, Rental Yield.
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:37028
Deposited By: Prof Martin Haran
Deposited On:02 Mar 2017 12:08
Last Modified:17 Oct 2017 16:27

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