Late 2024 turnover pick up in Ireland's sluggish development land market

Turnover of c €590 million is down to a few major deals rather than lots of them

Jury's in: US embassy has done a €152m deal to buy the Ballsbridge Hotel, site of the old Jury's Hotel, to relocate to

The development-land market saw considerable improvement in transaction activity in the first nine months of the year, with transactions in the greater Dublin area (Dublin, Kildare, Meath, and Wicklow) and the regional centres of Cork, Galway, and Limerick exceeding €580m.

This has surpassed the corresponding figure of the past five years, and is more than double the first nine months of 2023.