Sites set on a recovering market

The appetite for prime development sites is growing, with the focus predictably being in Dublin, writes Philip Connolly.

6th July, 2013
Gortanore in Foxrock, Dublin 18: recently sold for around €5 million, having sold for more than €30 million in 2006.

Last week, conflicting reports on the residential market left many people unsure what to think about the property market. Asking prices in Dublin are up more than 5 per cent year-on-year, while asking prices in the rest of the country are down almost 10 per cent.

While it may be linked to the residential market, the development land market has been better over the course of the year. According to CBRE, there was more development land sold...

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