CBRE: Irish investment market at virtual standstill

The Irish investment market is going through a 'very challenging period' as deals in the commercial property sector fell by almost 80% year-on-year in the first half of 2008, CB Richard Ellis said on Tuesday. In its new research report 'Irish Capital Markets Market View', the property services firm said that investment activity in the country dropped from EUR 1.9 bn in the first half of 2007 to EUR 392mln in the first half of this year.

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