Ireland positioned to avoid problems of UK retail, according to CBRE
New research from CBRE concludes the retail sector of the Irish economy continues to perform solidly despite some undertones of negativity, primarily emanating from the increasing move towards e-commerce and a number of high-profile store closures and CVA’s in the UK over recent weeks.
According to Suzanne Barrett, director in the research team at CBRE Ireland, “Ireland and the UK are quite different in this respect. In addition to being supported by favourable demographics, consumer sentiment in the Irish market is positive and boosted by factors such as strong job creation, rising house prices and increasing wages. Although the volume of retail sales activity and footfall continues to fluctuate on a monthly basis, affected by recent issues such as bad weather, the overall trend is upwards.”