Land value growth spurt for farmers
The survey revealed that, in some cases, the rise was as high as 27% to 28% — one of the highest increases ever experienced. A huge supply of farmland also came to the market last year.
Demand remained very strong throughout the year, driven in many cases by farmers, with ready money, seeking to replace land sold to developers as rural towns and villages continued their growth in the booming economic climate. The survey reveals that the past 12 months saw a large increase in the number of bigger farms offered for sale. It also found that, across the country, land averaged out at €19,465 an acre, compared to a price of €15,282 per acre the previous year.
