Property firm hails 2009 as best year yet

A PROPERTY firm in the Capital said 2009 was its best year in more than a decade in business.

Lettings firm Cullen Property said it overcame the downturn and recorded its highest occupancy levels in its 12 years.

It said 97 per cent of its 300 properties were fully occupied going into the new year, with rents increasing by 2.7 per cent. And it forecasts more success this year.

Steve Coyle, Cullen Property's operations director, said: "Despite the devastating effect of the recession on the property sales market, 2009 was a good year for us in the rental market."