Bailieborough auctioneer Peter Murtagh is handling the sale of a selection of farms in east Cavan totalling about 139ac. The residential and non-residential properties are suitable for grazing, and three of the parcels suitable for forestry already have technical approval.
One of the early parcels of South Tipperary land to reach the market is a 49ac residential farm at Carron, Cashel. For the last number of years prices paid for ground in this part of the world have hit the upper end of the scale. While not naming a specific guide price for this property auctioneer John FitzGerald of Dougan FitzGerald has his eyes set on the premium precedents established for local land prices and expects the executor sale to mirror these at between €12,000 to €16,000/ac.
In one of the earliest auctions of the year, a 59ac non-residential Kildare farm sold for €780,000 or around €13,220/ac, in a sale conducted on the online Offr platform by Eamon O’Flaherty of Sherry FitzGerald Brady O’Flaherty.
“The land rental scene is a total scramble at the moment,” says auctioneer Padraic Murtagh of James L Murtagh Auctioneers in Mullingar. “Farmers from all sectors – tillage, beef, sheep and dairy – are looking for land.”
According to much recent anecdotal evidence, the phenomenon of home-working is leading to a run on rural properties with buyers opting to move from highly priced, cramped urban locations to more spacious and affordable rural areas.
A strong finish to 2020 somewhat redeemed a difficult year for land sales, according to the latest Sherry FitzGerald Agricultural Land Barometer. Figures from their agents nationwide indicate an average per acre price of €8,850/ac, down 0.2pc on 2019.
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