Regional disparity as Leinster, Connacht and Ulster land prices all take hit
The SCSI/Teagasc Land Market Review paints a picture of regional disparities in land prices.
Munster is the darling of the bunch where the overall average price per acre is €9,900. The price paid for holdings of 50ac to 100ac increased by 18pc, giving an average price per acre in this category of €10,719, while the price of a similar-sized holding without a residence increased by 14pc to €10,000/ac.
The most expensive land in the southern province was to be found in plots of less than 50ac and these averaged €11,616/ac.
In Leinster the average price came in at €9,800/ac, with the cheapest per acre price of €9,000 paid for non-residential holdings of 100ac or more.
The dearest type of property is the plot of less than 50ac, and this is averaging out at €12,173/ac - and this in fact is the dearest type of farming property in the country.
Connacht/Ulster is in a league of its own where the average price paid for land in 2017 is €7-8,500/ac.
The cheapest land to be bought in the region is found in non-residential parcels of more than 100ac while the dearest land comes in non-residential plots of less than 50ac.
Forestry land and the purchase of land for planting is having a profound impact on the market in the west.