Costly land sales suggest conversion to residential

IT seems like BSE has been replaced by mad money disease, as the spring property market limbers up.

Last week, €2.3 million, or €28,750 per acre, was paid for an 80-acre farm at Ballinaclough, Fenor, in County Waterford, which sold without milk quota, and had miniscule entitlements.

The land was sold in two lots, and while the identity of the buyers wasn’t disclosed by selling agents Halley Grace, Tom Grace revealed that the land would remain in agricultural use.