Expected ending of Capital Gains Tax (CGT) waiver will add additional pressure to get property transactions signed by year-end.Dublin, 1st September 2014 – Commercial property consultants CBRE Ireland today released their latest bi-monthly analysis of trends in each sector of the Irish commercial property market. According to their September bi-monthly report, activity in the Irish property sector has continued at pace over recent months with an exceptionally busy July and August having been experienced in many sectors of the market and a very active Autumn selling season now in prospect as a number of high-profile portfolios and assets are launched for sale. CBRE anticipate an escalation in activity over the coming months as vendors rush to release assets for sale to give purchasers enough time to complete transactions by the end of 2014 to avail of the Capital Gains Tax (CGT) waiver that is expected to be phased out in the forthcoming Budget.
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In Ireland, with offices in Belfast and Dublin, CBRE is the country’s largest commercial real estate services company. Offering strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; real estate finance; appraisal and valuation; development services; investment management; and research and consulting we help our clients realise the true value of their real estate.