Daft Property - Irish Property News

Auction Results for the 87 Lots sorted by Lot Number Lots: 1-87 1 Vacant Flat Dublin 1 Sold €148,000 2 Investment Flat Blackrock Sold €270,000 3 Investment Freehold Building Clondalkin Sold €139,000 4 Investment Freehold House Stepaside Sold €146,000 5 Investment Flat Dublin 7 Sold €177,000 6 Vacant Freehold House Castlebar Sold €87,000 7 Vacant Leasehold House Dublin 3 Sold €67,000 8 Investment Flat Dublin 1 Sold €145,000 9 Investment Freehold Building Bray Sold €220,000 10 Vacant Freehold House Stillorgan Sold €280,000 11 Vacant Freehold House Tyrrelstown Sold €129,000 12 Land/Site Blackrock Sold €66,000 13 Vacant Freehold House Thomastown Sold €50,000 14 Investment Freehold House Kilkenny City Sold €440,000 15 Investment Flat Blackrock Sold €285,000 16 Investment Flat Dublin 9 Sold €55,000 17 Investment Freehold Building Drogheda Available €290,000 18 Vacant Flat Arklow Sold €71,000 19 Vacant Flat Dublin 1 Sold €132,000 20 Vacant Freehold House Dublin 4 Sold

Land values go up like a rocket and fall like a stone... SITE EVALUATION: Why would a developer bid €225,000 an acre in 1999 and €2.8m an acre in 2007? Bill Nowlan explains WHY HAS THE value of development land fallen so precipitously, by over 50 per cent in the past 12 months, when residential and other property values have only fallen by 25 per cent or 30 per cent? There is an old property cliché which says that "land values go up like a rocket and fall like a stone" and this seems to have been bourne out in Ireland over recent years. Why does this happen? To answer this question requires an insight into the way developers prepare their bids for development land and I set out below a glimpse into that process. Let me start by looking at how a developer in normal times estimates his bid for a plot of land with planning permission, which in estate agents' parlance is ready-to-go. The key starting point in a developers equations is the expected sale price of the finished b