Land sales at auction in South Leinster take 35pc dive
South Leinster land is traditionally the most valuable in the country and this year's survey reveals nothing different.
At €11,528/ac the average price beats its nearest rival, Munster, by 17pc, and is 13pc ahead of the national average. However, the figure for 2016 represents a decline of 4.6pc on the per acre figure of 2015.
Last year saw 60 successful auctions in the region compared to 79 the previous year, with 2,551ac changing hands under the gavel bringing in a total of €28,822,250.
This marks a decline of 35pc in the number of acres sold and a sharp drop of 40pc in the amount of money generated from public auction sales.
Among the headline sales in the region Haggard House on 282ac at Carbury in Co Kildare was not only the biggest farm sold under the hammer in South Leinster but was also the biggest farm sold at public auction in Leinster this year.
The farm, a mix of grazing, tillage and forestry, was sold in June by Paddy Jordan for €2.15m.
The property included a two storey over basement period house built in 1824 and occupied by the current family since 1956.
The land is all in one large block with extensive road frontage and several access points. A portion of 60ac is in tillage, 170ac in grass, 37ac in forestry and 19ac that may be suitable for planting.