Oireachtas Joint and Select Committees

Thursday, 18 July 2013

Public Accounts Committee

2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 15 - Valuation Office

11:10 am

Mr. Declan Lavelle:

Pretty much so. I am talking in general terms. One will always have unique situations or pockets where it is different, but, generally, that is what we are seeing. Throughout the revaluations completed to date, since 1988 rental growth on industrial properties has occurred at much slower rate than in the case of retail or office properties. Whether we are talking about south Dublin, Fingal, Dún Laoghaoire-Rathdown, Dublin city, Waterford or Dungarvan, retail rents are increasing, while industrial rents are pretty much static by reference to 1988 levels. That is only one factor that affects-----