Planning rules make urban housing harder to develop

High demand for housing in Dublin has developers scrambling for development sites, writes Donal Buckley.

12th October, 2014
Donal Buckley.

Dublin development site sales will exceed €700 million this year, a sevenfold increase on the €100 million sales in 2013, David Cantwell, a director of Hooke and MacDonald, told the property summit.

He also forecast that prices for Dublin development sites could increase by 50 per cent this year on top of the 25 per cent rise seen last year. However despite such increases, he added, development land prices are still well short of their peak.

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