Commercial land prices were stable over the first half of 2019, while prices for residential sites continued to increase, according to Colliers International. “The investment site market remains active, predominantly in the residential and industrial sectors. However, as prices of apartments have reached record high levels, developers are aiming to meet demand without flooding the market with supply, especially as high labor and material costs continue to shrink their profit margins,” said Emil Domeracki, director of the land department at Colliers International. “Despite the limited supply of readily available investment sites, prices of land in all sectors remain at a stable level.”
