Published 05/01/2010 | 05:00
The commuter belt counties fell from the top of the table in relation to the value of agricultural land last year to lag behind Ulster by an average of €111/ac.
A total of 1,389.64ac was sold under the hammer in counties Meath, Kildare and Wicklow for an average total of €17.833m (€12,833/ac), while there were no Dublin sales recorded in the national farming press for past 12 months.
As expected, the average price per acre was well ahead of the national average of €8,880/ac (€11,567/ac) discounting the Burren, Co Clare, farm sale.
Land prices in the commuter belt counties ranged from €2,759/ac to €33,500/ac.
The lower end of the scale was the price achieved at auction for 58ac of farmland at Brusselstown, Dunard, Co Wicklow, which sold in July for €160,000.
The best commuter belt price of €3.35m was achieved by auctioneer Paddy Jordan for the November sale of Castlefarm Stud, a 100ac residential stud farm at Narraghmore, Co Kildare.
There were 31 parcels of land sold at auction in the commuter belt counties, compared to only 16 in 2008. Only two of the farms reported to have sold at auction made in excess of €1m.