Strong 2013 sees five farms in Munster go flying past the magic million mark
Land sales in Munster were strong, especially in the latter part of 2013 with much action in the Limerick market where three farms broke the €1m mark.
The survey includes 34 land auctions held in Munster in 2013. The sales accounted for the disposal of 1,934ac of land fetching a total of of €18,480,500 and making an average price of €9,600/ac.
The biggest land transaction recorded was the sale of a 143ac tillage and grazing farm at Killeagh and Carrigarostig in east Cork.
In a sale handled by Mick Barry of Fermoy and CCM Marts, the sale realised a total of €1.7m or €11,800/ac.
A 125ac farm residential farm at Moig, Shanagolden in Co Limerick was next in the pecking order and sold under the hammer of Richard Ryan of GVM Kilmallock for €1,275,000 or €10,200/ac.
This was followed by the sale of a 115ac dairy farm at Meelin in north Cork for €1.25m or €10,800/ac in a sale handled by the Brady Group.
Staying in Cork, a 75ac grass and tillage farm at Raharoon, Bandon was sold by Hodnett Forde for €1.155m or €15,200/ac.
Back in Limerick a 102.5ac residential farm at Manister near Croom attracted the attention of Andrew Nolan of Goff's who was reputedly acting for a client from the Middle East with equestrian interests when he bought the property under the hammer of John Flynn for €1.05m.