Competitive bidding puts an upwards pressure on land prices
A Sherry FitzGerald land market report indicates that 2021 saw the strongest rate of growth since the property company initiated these reports in 2013. Results show that land prices increased by 6.4pc year-on-year, giving an average price per acre of €9,400 outside Dublin. At the end of 2021, the weighted average cost of prime arable land nationally, excluding Dublin, stood at around €11,200/ac. Associate director Phillip Guckian comments that the gain…