The Central Statistics Office (CSO) released the Agricultural Land Prices for 2020 on 10 February, 2022.
Statistician Anthony Dawson commented that, “The publication shows that there was a noticeable decline in the volume of land sold in Ireland in 2020 with 29,031 acres of land sold at a median price of €6,992 per acre compared with 61,997 acres of land sold in 2019.”
“The most expensive region to purchase agricultural land was in the South-East (Wexford, Carlow, Kilkenny and Waterford) where 2,093 acres of agricultural land sold for a median price of €10,645 per acre. The West (Galway, Mayo and Roscommon) was the least expensive region to purchase land where 6,412 acres of land sold for a median price of €4,625,” he said.
“The South-West (Cork, Kerry) was the region where the least volume of land was sold with only 605 acres of land sold in 2020.”
“Agricultural Land Prices for 2020 were compiled using an updated methodology which mean more transactions have been used in calculating the series, improving both the quality and coverage of the land price statistics. Previous year’s data have also been updated to reflect this methodological improvement,” he concluded.
The overview
In 2020, 29,031 acres of agricultural land was sold nationally for a median price of €6,992 per acre.
– A noticeable decline in volume of land sold when compared with 2019
– The South-East was the most expensive region to buy land with 2,093 acres sold at a median price of €10,645 per acre
– The West was the least expensive region with 6,412 acres of land sold at a median price of €4,625 per acre
– The West had the highest volume of agricultural land sold with 6,412 acres while the South-West was the area with the lowest volume of land sold with 605 acres
LSL News.