According to the CSO’s latest release – its Agriculture Land Prices 2020 – over €40m (€40,118,957) worth of land was sold in the Midlands in 2020.
Meanwhile, the second-highest value of agricultural land sold in Ireland was in the Mid-East (€34,622,522), followed by the Mid-West at €31,863,965.
The South-East was next in line at just over €22,742,912. The west followed at €21, 443,075 and €17,392,707 worth of land changed hands in the Border region.
Land sales in the South-West totalled €4,46,462, while €3,461,000 worth of land was sold in Dublin in 2020.
Land-type
According to the CSO, the region with the largest area of arable land sold in 2020 was the Mid-East with 579 acres sold.
The West had the highest volume of permanent grassland sold in 2020 with 6,412 acres.
- Border: 5,565-acres of permanent grassland;
- Dublin: 57-acres of arable land and 309-acres of permanent grassland;
- Mid-East: 579-acres of arable land and 3,800-acres of permanent grassland;
- Mid-West: 57-acres of arable land and 3,995-acres of permanent grassland;
Midland: 187-acres of arable land and 5,809-acres of permanent grassland; - South-East: 486-acres of arable land and 1,606-acres of permanent grassland;
- South-West: 605-acres of permanent grassland;
- West: 6,412-acres of permanent grassland.
Most expensive and least expensive regions
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. 6,412-acres of land changed hands at a median price of €4,625 per acre.
The lowest mean price per acre was in the West region, where an acre of land was €3,344.
Overall, the mean price in 2020 was €6,066 per acre with a mean transaction size of 18.1-acres.
The CSO stressed that it should be noted that median and mean prices are not appropriate for measuring the evolution of land prices. “The mix of agricultural land sold in different periods can change over time.”
Other property farming news:
Land ‘least expensive’ in the west
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