Voices
Hibernia REIT's earnings, released yesterday, give the clearest view we have on the health of the commercial property market. The company is riding out Covid pretty well, but there are questions over its long-term future.
Irish people care about property in a way they’ll never care about the stock or bond markets. It’s in the blood. People care about the price of their house, of course. And the house they aspire to own. They might have an investment property. Or they might fret about another economy-wrecking property crash. For all these reasons, news about the health of the property market is keenly awaited. And there’s no better bellwether of the health of the Irish commercial property market than the results of Hibernia REIT, which came out yesterday. The big picture from Hibernia yesterday is that…
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