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Wed 12 Dec 2008Land values go up like a rocket and fall like a stone
SITEEVALUATION:Why would a developer bid €225,000 an acre in 1999 and €2.8m an acre in 2007? Bill Nowlanexplains
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?
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