Recent reports indicate that the value of sites for one-off housing in rural Ireland has plummeted over the past 20 years, primarily due to stringent planning regulations enforcing a 'local need' criterion. This shift has led to decreased demand for new build sites, with current values dropping significantly compared to the €100,000-€200,000 range observed two decades ago. In contrast, there is a growing interest in acquiring derelict houses, which are now seen as more favorable investments amid the evolving legal landscape.
Auctioneers reveal that the value of sites for one-off housing in rural Ireland has significantly dropped under stricter planning laws, with derelict houses now in high demand.
In contrast to two decades ago, when sites for one-off homes were worth €100,000-€200,000, the current market shows a steep decline in value, pushing interest towards abandoned properties.
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