Earth divide – the gap in land prices between the East and the West of the country continues to grow

  • Earth divide – the gap in land prices between the East and the West of the country continues to grow
    FarmIreland.t. E.
    It is difficult to compare the price of the land was sold at auction in the first half of 2018 with the same period in 2017, given the increase in sales 101ac farmland in cork city that the development in land prices when he went to €5.8 M or 58,000/AC at auction in June.
    https://www.independent.ie/business/farming/farm-property/land-divide-the-gap-in-land-prices-between-the-east-and-west-of-the-country-continues-to-widen-37169953.html
    https://www.independent.ie/incoming/article37169943.ece/b42ae/AUTOCROP/h342/Douglas%20farm%20131.jpg

  • Email

It is difficult to compare the price of the land was sold at auction in the first half of 2018 with the same period in 2017, given the increase in sales 101ac farmland in cork city that the development in land prices when he went to €5.8 M or 58,000/AC at auction in June.

With the sale of this basis, we see that the price of land sold under the hammer increased from €11,123/AC in early 2017 € 12,012/AC in early 2018, the growth of 8pcs. The number of sold land plots decreased by 14.5 PC, while the amount of cash received from the sale of land decreased by 7.5 PC

The results show, however, divided the country’s agriculture, boom and bloom in Munster and South Leinster as there is stagnation and decline in the West, and to some extent in Northern Leinster.

It is important to note that this survey is purely linked to public trading — market for private contract is not taken into account.

Munster was a bumper year with the average price of the acre growth by 25.7 PC from €10,304/AC at the beginning of 2017 Euro 12,880/AC in the first six months just disappeared.

The amount of land sold in the region fell by 7.5 PC and the amount of money paid for land increased by 13.4 PC.


The figures are somewhat distorted Munster sale in cork farm 101ac in Douglas on the outskirts of the city, the new boundaries of the city. The figure of €5.8 m and €58,000/AC was paid for farms at auction in June.

However, even excluding these assets from the calculation of Munster figures still show an upward trend.

See Also


Video: Clinton family to expand its business in Meath

The son of former President of IFA and is known for Meath farmer Tom Clinton last week bought the neighbouring farm 105ac for €960,000 or just €9,000/AC. The sale price beat the pre-auction guide of €110,000.

Fourteen auctions in the region in the first half of 2018 saw 577ac to change hands, realizing for the total amount of 7,426,800 income and per acre price of €12,880 — marking almost 26pc increase in the average paid in the first half of 2017.

South Leinster remains a success story when it comes to land sales. The amount of land sold under the hammer in early 2017 increased by 5pc in the same period last year, while the amount of funds derived from auction sales showed a jump of 25pc to €14.58 m.

The average price per acre is €15,041, an increase of 19pc to €12,560 paid for the first six months of last year.

North Leinster was a very disappointing start to the year, with the amount of land sold under the hammer down 11pc, while the amount of money received at auction 30pcs down. The average price per acre decreased from €11,747, in the same period last year to €9,216 in the first six months of this year, a fall of 21pc.

Connaught/Ulster were very poor first half in 2018, with auction sales, but everything falls apart. The amount of land sold under the hammer dropped by 64pc, while the amount of money received from land auctions fell by 70pc. The average price for an acre of land fell from €8,211 in 2017 to €6,900 this year.

The national result is also somewhat distorted by the sale 101ac cork city farm. Whatever the view that while the farm in question is currently active soil and grass of the holding, he was bought for hope value.

However, even with the farm excluded from the National figures of growth of prices per acre at auction is €12,021. This marks an increase of 8pc last year.

Online Business Classes