Land prices grew 5% in 2024 – alongside growth in buyer confidence

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Land prices grew 5% in 2024 – alongside growth in buyer confidence
Irish Farmers JournalLand PricesLand Report
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Land prices grew 5% in 2024 along with buyer confidence, according to a new report from the Irish Farmers Journal.

The Irish Farmers Journal Agricultural Land Price Report is a comprehensive analysis of the land market across the island of Ireland - now in its 18th year.Agricultural Land Price Report is a comprehensive analysis of the land market across the island of Ireland - now in its 18th year.An increase of 5% was recorded in the price of land in the Republic of Ireland to an average of €12,515 per acre.

The biggest increase in price was in County Meath, where the average rose from €17,669 per acre from €14,321 per acre.The lowest average land price last year was in Co Leitrim at €6,419 per acre followed by Mayo and Donegal. Farmland prices in the North of Ireland continue to be significantly higher than the Republic, with prices rising by 6.8% last year to average £14,736 per acre.

Derelict houses can now add €100,000 or more to land sales, depending on how strict the local county council is with planning permission.noted that this year’s report has a notably huge variation in prices paid for land across the country.‘The land is like soup’ – Potato shortage looming after near record rainfall

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