Strong bidding for property

A PRICE of nearly €15,000 per acre was realised by auctioneer Ger Carmody for an 18.5-acres farm at Baltovin, Ardfert, Co Kerry.

There was strong demand for this large field without road frontage, sold to a local auctioneer in trust. There are active farmers in the area, says Carmody and it’s likely the purchaser was a local.

* There was also active bidding last week at an auction of land at Ballinvarrig, Castlelyons, Co Cork, and an end result of €795,000 for the 80-acre holding — the equivalent of €10,000 per acre.

Bidding started at €600,000, says auctioneer Michael Barry of Dick Barry and Sons. There were four bidders, and the property went on the market at €700,000, with two bidders taking control.

According to Barry, the demand for land is growing. “There’s still money there for the good stuff and plenty of good customers.”

More in this section

Farming
Newsletter

Keep up-to-date with all the latest developments in Farming with our weekly newsletter

Sign up
Revoiced
Newsletter

Our Covid-free newsletter brings together some of the best bits from irishexaminer.com, as chosen by our editor, direct to your inbox every Monday.

Sign up
Lunchtime
News Wrap

A lunchtime summary of content highlights on the Irish Examiner website. Delivered at 1pm each day.

Sign up