Market uncertainties drive down appetite for land

Low global commodity prices and uncertainty over the UK’s Brexit referendum have subdued farmer interest in land, according to a new report on 2015 land sales and rental activity.

The Society of Chartered Surveyors Ireland / Teagasc Agri Land Market Review and Outlook 2016 report shows Leinster with the strongest price performance, rising 15% in some categories during 2015.

Munster is showing more modest single digit growth, while land prices in Connacht/ Ulster are in decline for the second year running.