'Robust' level of development land deals in Q1 : vimarsana.c

'Robust' level of development land deals in Q1


Updated / Monday, 12 Apr 2021
11:10
23 land sales were completed in the first quarter of 2021, worth a total of €110m
New figures from property consultants CBRE Ireland show that 23 land sales were completed in the first quarter of 2021, worth a total of €110m.
The average quarterly transaction level in the Irish development land market over the last five years has been about €240m per quarter.
CBRE said this quarter's volume remains significantly behind previous quarters but represents a reasonable outturn given trading conditions and is a positive sign for the market.
Colin Richardson, a senior research analyst at CBRE, said today's figures represented a "highly robust" result for the opening quarter given the challenging trading conditions.

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