Land prices Ireland: Kildare is the most expensive
The Society of Chartered Surveyors Ireland / Teagasc has published information on 2022 land prices in its Agricultural Land Market Review and Outlook Report 2022.
This year’s annual survey, the ninth in the series, provides a county-by-county breakdown of the prices of “good and poor-quality” land.
Data shows that last year, Kildare retained its position as having “the most expensive land in the country”. Prices stood at €15,350 per acre for good land on holdings with less than 50-acres.
The report states that this figure was €13,600 in 2020, which represents an increase to the tune of 13%.
While Leinster counties made up the first eight places on last year’s most expensive list, Cork has jumped into second place on €15,070 on the 2021 list.
Louth is next in the price rank at €14,500, while Meath follows at €14,230 and Tipperary at €14,000.
Meanwhile, in Connacht/Ulster, agents reported that prices for “good” land varied from an average of €13,375 per acre in Donegal to €5,025 in Leitrim.
Meanwhile, in terms of poor land, it changed hands for €5,250 in Monaghan and Cavan and as little as €2,760 in Leitrim.
According to the report, the latter is “the lowest price in the country” for holdings under 50-acres.
Elsewhere in Ireland, in Munster, the price differential between good quality and poor-quality land increased “most notably”.
The selling agent reported that dairy farmers continue to drive the market here, with prices for good land in 2021.
Prices for holdings under 50-acres ranged from €15,070 in Cork to €9,800 in Clare. On the other end of the scale, prices for poor quality land varied from an average of €7,700 in Cork to €3,500 in Clare.
In Leinster average prices for good land on less than 50-acres ranged from Kildare’s high of €15,350 to €11,600 in Offaly.
On the other hand, prices for poor quality ranged from highs of €9,125 in Louth to as low as €4,967 in County Longford.