Reports last week highlighted the challenges in the commercial property market, particularly in the offices sector, with some prized assets receiving offers well below the sale prices attached by agents, with banks moving on some borrowers who find they are in breach of their covenants.
John McCartney is head of research at BNP Paribas Real Estate and follows the market closely. He joined host Ciarán Hancock in studio to discuss the latest moves in the commercial property market. He began by giving some context to what’s happening in the market in terms of valuations and how private equity firms and the banks are currently viewing their exposures. He also gave his prediction on building activity in the sector as demand continues to wane.
In part two of this week’s episode of Inside Business we hear how a new survey from recruiter IrishJobs noted how AI is increasingly being used in hiring processes. This is happening on both sides of the equation, with candidates using it for their CVs and covering letters and by employers to sift through applications.
Ian Curran of The Irish Times reported on the survey and joined us on the line.
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Produced by John Casey with JJ Vernon on sound.
