'There's no shortage of investors, land is always in demand,' say top auctioneers
“The number one factor in the rise of land prices is that there isn’t enough land for sale to satisfy market demand,” says one leading auctioneer.
How sustainable these prices will remain is something that only the future will tell us. The last time we saw such strong prices was back in the Celtic Tiger days. Back then, a major driving force was investment, pure and simple; specifically, it was a case of many people investing because of the possibility of turning farmland into development land.
Today, the idea of buying agricultural land for development is a bet that very few would be willing to make. That hasn’t stopped investors buying land, however. Investors come in all shapes and sizes and with a variety of motivating factors and the difference between now and those developer-fuelled times is that the reasons behind the interest in land is more varied.
