See the average price of land in the most expensive region in Ireland
South Leinster continues to be home to the most expensive land in the country with an average of €12,560/ac being paid for farmland at auction.
Like most other regions of the country it saw a decline in the amount of land sold in the auction room.
The first six months of last year saw a decline of 54pc in the amount of land being sold in the region and while there has been no recovery in volume, there is certainly a recovery in price with a 17pc increase in the per acre price and an 18.5pc increase in the total spend generated under the gavel.
All in all there were 923.4ac sold at auction in the first half of the year generating an income of €11.6m compared to €9.7m for 944ac in early 2016.
The most expensive piece of land sold in the country so far this year was sold in Wexford where a 10.44 parcel of tillage land at Ramstown, Gorey made €620,000 or almost €60,000/ac.
This piece of ground was sold by Warren Estates as strictly agricultural land without zoning but is within walking distance of the Amber Springs Hotel and has good frontage on the Ballycanew/Gorey road.
The largest amount of money generated at a transaction resulted from the sale of a 205ac grass farm located at Clonaghlis, Straffan not far from the famous K Club. It made €3m or €14,500 under the gavel of Paddy Jordan.
While it is rare to see a farm of this size generate a per acre price exceeding €10,000/ac, the location of this farm undoubtedly adds to its value.