Land sales completed in 2018 at decade high

Land sales completed in 2018 at decade high

Property consultants CBRE Ireland have today released figures for the volume and value of development land traded (both on and off-market) in the Irish market during 2018, which shows that 125 transactions totalling almost €1.5 billion signed during the 12 month period – almost double the volume of land traded the previous year when 137 transactions completed.

CBRE say this was boosted by a number of high profile development site sales during the last year, meaning that 2018 saw the highest volume of land traded in more than a decade at almost €1.5 billion. 

However, relative to the volume of land traded during the boom years of the Celtic Tiger, (260 sites totalling more than €4 billion traded in 2006 for example), CBRE say the volume of land trades remains low by comparison.    

Source: www.businessworld.ie