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Value of development land sold rises to almost €500m in first half

The value of development land sales rose to €490 million in the first half of this year in spite of a more than 50 per cent fall in transactions, according to research from commercial real estate agency Cushman & Wakefield.

The 16 per cent increase came as the number of transactions fell from 112 in the first half of 2018 to 54 between January and June this year.

Cushman & Wakefield said the fall in transaction volumes may be linked to rising development costs and mortgage limits for buyers.

Read the full details in the Irish Times
https://www.irishtimes.com/business/commercial-property/value-of-development-land-sold-rises-to-almost-500m-in-first-half-1.3993989

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