Friday February 28, 2020

Development land: the prospect for 2020

This year, potential developers must contend with stabilising house and land prices, rising build cost inflation and macroprudential regulation

26th January, 2020
The largest lot to come to the development land market so far this year is an 800-acre holding of industrial and agricultural lands at the former Lisheen Mine near the border of County Tipperary/Kilkenny. Knight Frank is seeking offers in excess of €11 million for the lot

Already since the start of the 2020 property market, development land has accounted for a significant portion of the lots being offered for sale.

Nevertheless, some agents differ on the prospects for the year. Ross Shorten of Lisney said 2020 will continue to see domestic builders focusing on smaller infill sites, while overseas investors concentrate on the larger redevelopment opportunities in the city centre.

“Premiums are being achieved for sites with planning permission that have a low-risk...

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