A 54-acre holding selling for its 2002 price

VALUES in the land market had begun to escalate by the middle of 2002. Prices were going up, and, despite the September 11 economic slump, the rural property market had taken off at full pelt by late 2003.

Now, nearly two years into a crash, we’re close to 2002 prices again.

This week, a 54.6-acre farm at Barleyfield, Kilbrittain, comes back on the market after eight years, with a guide price of €15,000 per acre – the same level it sold for back in April 2002, almost eight years ago to the month.