Land prices are stabilising

THE annual Knight Frank land survey throws up some interesting conclusions this year — a stabilisation in land prices, despite a continuing slide in the average per acre, with an increase in land prices in the greater Dublin area.

The price of land has dropped by 9.3% nationally, the estate agent says, but regionally there have been price increases in the order of almost 20%.

The annual land price survey of 401 properties throughout the country, is based on 113 quantified sales, and gives a snapshot of the market for 2010.