Reliance on the investor market slows land markets down

STOCK markets and property values have been going through a turbulent period. Land sales have slowed too, with fewer holdings being sold at auction, and prices appear to be easing.

The residential and land markets have been over-reliant on the investor market for the buoyant trade of the past two years.

While house prices soared, land sales went up too, from €4000 to 5,000 per acre to 20,000 to 25,000 per acre, in a relatively short time.