Development land sales reach €104.5m in second quarter

Development land sales reach €104.5m in second quarter

Development land sales across Ireland reached €104.5 million between April and the end of June, according to a new report from property advisor Savills Ireland.

Sales of development land amounted to over €104m in Q2

Ireland’s development land market recorded total sales of €104.5m in Q2. Over the quarter, 17 sites were sold, according to a new report from property advisors Savills Ireland.  However, just 12% of sites that traded had planning permission in place, which compares with a five-year average of 41%. John Swarbrigg, Director of Development, Agency & Consultancy at Savills Ireland, said: “While it may be surprising that so few sites traded with plan…