Following the sharp slowdown in activity in 2020 due to COVID-19 related market challenges, the Irish development land market witnessed an increase in activity in 2021. With that, the outturn of 2021 activity points positively towards the market on the path to recovery.
This pickup of activity was predominately recorded in the second half of the year. Quarter three witnessed the largest amount of capital spend on development land in the year, just shy of €210m. While the final three months of the year witnessed €184m worth of development land trade hands.