The CSO has today (Wednesday, October 28th) released national and regional indicators for agricultural land prices in Ireland for 2019
The release shows that in 2019, the median price per acre of agricultural land sold nationally was €6,534.
Anthony Dawson, statistician, said: “The mid-east region had the highest median price per acre at €10,117, while the Border region had the lowest median price per acre at €4,905.”
In terms of volume of land sold, there were 33,274-acres of agricultural land sold in Ireland in 2019. The west had the largest volume of and sold (9,508-acres), while only 2,157-acres were sold in the south-east.
Over €200m of agricultural land
In total, €207.1 million of agricultural land was sold in 2019 with permanent grassland making up €195.5 million of that total.
It should be noted that while previous year’s figures are noted in the publications, caution should be used when comparing figures year-on-year as the makeup of the land transactions vary from year-to-year, he noted.
Agricultural land, the statistician added, is land sold purely for agricultural use with no additional entitlements (e.g. dwellings) attached to the land.
The main source of data is transactions from Revenue’s Stamp Duty data which is combined with data from Property Registration Authority to give location information.
“Data from the CSO’s Census of Agriculture is used to assign a land type to small areas in which transactions occur. This allows the CSO to be able to predict what type of land was sold for every transaction.”
