The cost of land is market driven and is influenced by a large number of factors. My Department does not measure or track trends in land costs for residential developments, however, a number of initiatives have been established by my Department to open up lands for development in order to increase the supply of housing. A working group, chaired by my Department, with a broad range of industry representatives has been established to undertake a detailed analysis to benchmark housing delivery input costs in Ireland, including land and acquisition costs, in order to facilitate an increased level of housing output into the future. A number of meetings have taken place since December 2016 and the working group is expected to complete this study in the first half of 2017.