Land sales drop to record low in first half of the year

Transactions of development land are expected to “remain subdued” for the remainder of 2023

Cranes in Dublin: the city accounted for 52 per cent of the land deals that did take place

Development land transactions dropped to a record low in the first half of this year, new data from Sherry FitzGerald has shown.

Land transactions for the remainder of the year are forecast to “remain subdued” due to the current interest rate environment.

In the first half of the year, approximately €134 million worth of development land was sold in Ireland, a record low for the first six months of a calendar year. The value of ...