Commercial property market 'weakening'
A leading group of property consultants have warned that Ireland's commercial property market has weakened significantly in recent months.
CB Richard Ellis says there has been a significant decline in investment and development of the market, while commercial land values have fallen by as much as 20%.
It says the weakening has been more pronounced in the residential property market, with many financial institutions withdrawing mortgage products, tightening lending and increasing rates.
The company is also predicting that an increasing number of Dublin pubs will come up for sale over the coming months due to a loss of trade.
