€16,394 per acre in Munster
Prices dropped in Leinster and Connacht also, according to the Irish Association of Auctioneers and Valuers’ annual survey.
The average glosses over the underlying slow to non-existent pace of sales which emerged last year.
The optimistic interpretation of this is that there should be some pent-up demand for 2009, and a lot of experts in the field believe that there could be some recovery in the market for the last quarter of 2009.
Next week: details of the IAVI report.
