The Irish commercial real estate sector continues to face an uncertain outlook after a series of “fundamental shocks” but the domestic bank sector is resilient enough to absorb those shocks. That’s according to deputy governor Vasileios Madouros as the Central Bank of Ireland (CBI) published its latest financial stability review. The report takes the pulse of the country’s financial system, identifying risks to its stability and how they can be alleviated. The Central Bank report points out that Ireland’s commercial real estate market, and Dublin in particular, has seen a severe downturn. Vacancy rates in Dublin are some of the…

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