Value of development land sales falls 65% during first half of year

From January to June there were only 34 development land sales, well below the 63 transactions in the same period in 2022

Transactions in the development land market saw a steep decline during the first six months of this year, with the total value hitting a low of €134m, a report by Sherry Fitzgerald shows.

According to the report, this total spend was 65% lower than in 2022. Over the past nine years, the average total spend during the first six months of the year was €309m.