Change to Central Bank lending restrictions see key sites back on market

Tails are up again in the housing and land development market in marketable Munster locations, perhaps given an extra fillip too by the changes announced last week by the Central Bank on lending restriction to First Time Buyers, coming on top of 2017’s ‘Help to Buy’ scheme.

The pick up in sentiment and demand for ready-to-go house building sites is remarked upon by Savills Cork, who bring sites in county towns Mallow and Bandon for sale, and which could fetch over €1.5m between them.

They come to market as a ‘best bids’ deadline passes this week for 13 sites at Gort Fada, Glounthaune, a very clean buy with FPP for 12 semis and one detached home.