Peter Garrigan: Development land needs development solutions
Recent changes to national demographics mean we need to promote sustainable development and encourage more land to be brought to the market for sale
The development land market outperformed expectations in 2021, with more than €657 million-worth of land trades completed. For context, the value of trades is about half of the pre-pandemic years of 2018 and 2019; however, the volume of trades is slightly up.
The volume of trades suggests that a large proportion of land that traded in 2021 were smaller lot sizes. It is expected that the total value of development land trades will continue to ...