West sees most land sold


37,436-acres of agricultural land sold in Ireland in 2018, at a total value of €210.8 million

West sees most land sold

  • ADDED
  • 4 mths ago

37,436-acres of agricultural land sold in Ireland in 2018, at a total value of €210.8 million

37,436-acres of agricultural land sold in Ireland in 2018, at a total value of €210.8 million and a median price of €6,444, according to data from the Central Statistics Office.

The figures indicate that this volume of agricultural land sold represented 0.3% of all the available agricultural land in Ireland.

There was a 13.5% increase in the volume of agricultural land sold when compared with 2017. The average price in 2018 was €5,631/acre with a mean transaction size of 17.9-acres.

Land-type

The CSO has assigned a land-type to the transaction based on the Census of Agriculture Small Area in which the transaction occurs.

Arable land made up 4.62% of the total agricultural land sold in Ireland, however, it accounted for 9.16% of the total value of agricultural land sold.

In 2018, the median price for arable land was €11,821 per acre while the median price for permanent grassland was €6,186 per acre.

With a median price of €10,006 per acre, the mid-east was the most expensive place to purchase land in 2018, while the west region was the least expensive region with a median price of €4,829 per acre.

The mid-east was the region with the highest mean price per acre of agricultural land with an acre of land selling at a mean price of €9,013 in 2018.

The lowest mean price per acre was in the Border region where an acre of land was €3,469.

Transactions:

The west had the highest number of agricultural land transactions in 2018 with 685 transactions occurring. The south-east had the lowest number of transactions with only 123 transactions taking place in 2018.

The highest value of agricultural land sold in Ireland was in the west, where €44.69 million worth of land was sold in 2018. The South-East had the lowest value of land sold in 2018 with €17.41 million worth of land sold.

The lowest price per acre for arable land was in the west with a median price per acre of €6,425 per acre and the lowest price per acre for permanent grassland was also in the west region at €4,829 per acre.

The largest difference in median price between arable land and permanent grassland was in the mid-west region where arable land cost €8,789 more per acre than permanent grassland.

The west had the highest number of permanent grassland transactions in 2018 with 681 transactions recorded for a total of 10,370 acres. The highest number of arable land transactions were in the mid-east with 37.

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