Dairy grazing land prices soar in Dublin, Munster

Grazing land values are set to keep rising, with only 38% of respondents to a landowner survey predicting any ownership mobility.

The Society of Chartered Surveyors Ireland and Teagasc’s report on 2014 land sales found that dairy expansion drove Dublin prices up by 26%. The rest of Leinster and Munster saw more modest 7% increases.

However, prices fell by as much as 19% in Connaught and Ulster, where dairying is less intense. Growth in rental prices was strongest in Munster, up 12%-18% last year.