Munster land prices up 14%

Land prices rose 14.3% last year for holdings of up to 50 acres in the dairy stronghold of Munster, but poor access to banking finance is impeding growth, a report has found.

Demand is also strong in Leinster, where prices were up 13.9%. However, prices rose just 2% in Connacht/Ulster versus 2012, according to the Society of Chartered Surveyors Ireland/Teagasc Land Market Report.

Land rental activity levels are up 5% in the first quarter of 2014.