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Land sales completed in 2018 at decade high

Written by Robert McHugh, on 21st Dec 2018. Posted in Ireland

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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

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