Dáil Éireann Debate, Tuesday - 6 October 2009
346 Deputy Joe Carey asked the Minister for Finance if he will elaborate on his recent comments in relation to commercial property yields; the information which allowed him to definitively say that property yields have been pushed up; and if he will make a statement on the matter. [33871/09]
Amharc ar fhreagraThe current position of property yields was based on an assessment of information indices published by organisations such as IPD (Independent Property Database) and JLL (Jones Lang LaSalle). Tables setting out details on property yields were included in the supplementary documentation circulated to Deputies at the beginning of the Second Stage debate on the NAMA Bill. The figures show that yields are moving towards being 2% higher than their long term averages, and more in some cases. While this is above the long term average, it is obviously considerably higher than yield figures at the peak of the market, which were at an all time low.
