According to data from the CSO, in 2020, 29,031-acres of agricultural land was sold nationally for a median price of €6,992/acre (€6,906 in 2019).
Its latest release, entitled Agriculture Land Prices 2020 – which it published on February 10th, 2022 – shows a “noticeable” decline in the volume of land sold compared with 2019.
Data shows that the South-East was the most expensive region to buy land. Here, 2,093-acres sold at a median price of €10,645 per acre.
On the other hand, the west was the least expensive region with 6,412-acres of land changing hands at a median price of €4,625 per acre.
Volumes
Furthermore, the west had the highest volume of agricultural land sold with 6,412-acres. However, the South-West was the area with the lowest volume of land sold with 605-acres.
The West had the highest number of agricultural land transactions in 2020 with 383 transactions occurring. The South-West had the lowest number of transactions with only 38 transactions taking place in 2020.
According to the report, the national median price of arable land was €10,338, while the national median price of permanent grassland was €6,791.
Anthony Dawson, statistician, said:
“This publication shows that there was a noticeable decline in the volume of land sold in Ireland in 2020 with 29,031-acres of land sold at a median price of €6,992 per acre compared with 61,997-acres of land sold in 2019.”
This volume of agricultural land sold represented 0.25% of all the available agricultural land in Ireland.
There was a 53% decrease in the overall volume of land changing hands compared with 2019.
2020 land prices
Continuing, Dawson said: “The most expensive region to purchase agricultural land was in the South-East (Wexford, Carlow, Kilkenny, and Waterford). 2,093 acres of agricultural land sold for a median price of €10,645 per acre.”
“The West (Galway, Mayo, and Roscommon) was the least expensive region to purchase land. Here, 6,412-acres of land sold for a median price of €4,625.
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