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Survey: Outlook remains bleak for bricks and motor retail in Northern Ireland

Survey: Outlook remains bleak for bricks and motor retail in Northern Ireland Almost two-thirds of respondents said demand for retail space continued to fall in the second quarter of 2021. 29 July, 2021 01:00 THE latest snapshot of the Northern Ireland commercial property sector has painted a bleak picture for bricks and motor retail. Almost two-thirds (64 per cent) of respondents to the RICS (Royal Institution of Chartered Surveyors) and Ulster Bank Commercial Property Market Survey reported demand for retail space continued to fall in the second quarter of 2021. And despite a slight improvement from the first quarter, most property professionals reported that demand for office space continued to fall in the second quarter (Q2).

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