Policy changes 'likely' delayed planned development land deals, says report

Between April and June, €111m was spent on development land across 17 transactions

The report by Sherry Fitzgerald found turnover for the first half of the year totalled €372m which is ahead of the long-term average but still 15% below the same period in 2024. File picture

Transaction activity in the development land market was more subdued between April and June with a number of policy measures announced by the Government “likely to have delayed decision making” among many stakeholders, a new report from the estate agent Sherry Fitzgerald has found.

During the second quarter of the year, the report estimates €111m was spent on development land across 17 different transactions. This level of transactions is the lowest since the opening months of 2023.