Louth experienced dramatic increases in both the average values and the supply of land to the market. The average price paid for land in Louth last year was €12,463/acre – up 20% on the previous year when the average was €10,429/acre. Having fallen well down the pecking order in 2015, the wee county is right back in the top spot.
At €12,463/acre, Louth is now the most expensive county in which to buy land, knocking Dublin (€12,171/acre) and Kildare (11,929/acre) off their pedestal. This can be attributed to a total of 13 properties that sold for €11,000/acre or more during the course of 2016. In fact, two of these farms made €20,000 and more.
Prices in Louth ranged from €5,000/acre for a small parcel of mixed quality land to a top price of €22,000/acre for a residential package in the Kilkerly region. Just four farms sold under the hammer. These included a 17-acre residential holding at Philipstown, Louth village, which was knocked down at €340,000 or €20,000/acre; a 17-acre parcel near Ravensdale made €146,000 or €8,500/acre; a 10.3-acre parcel at the Hill of Rath, Drogheda, averaged €12,600/acre or €130,000 and an 18.79-acre residential holding located at Drumcah, Knockbridge, sold for €246,000 or €13,000/acre.
Other sales included €13,300/acre for a sizeable farm in the Dundalk area; a 15-acre parcel close to Drogheda averaged €11,000/acre, while a mountain farm sold for €7,500/acre. One of the interesting aspects of the market was that at least four big farms comprising 100 acres or more commanded good strong prices ranging from €11,000/acre to almost €13,500/acre.
Supply more than trebled in Co Louth last year, driven by the arrival of a number of larger holdings to the market. A total of 33 farms incorporating 1,398 acres arrived on the market – significantly up from the 424 acres that were offered for sale in 2015.
Louth experienced dramatic increases in both the average values and the supply of land to the market. The average price paid for land in Louth last year was €12,463/acre – up 20% on the previous year when the average was €10,429/acre. Having fallen well down the pecking order in 2015, the wee county is right back in the top spot.
At €12,463/acre, Louth is now the most expensive county in which to buy land, knocking Dublin (€12,171/acre) and Kildare (11,929/acre) off their pedestal. This can be attributed to a total of 13 properties that sold for €11,000/acre or more during the course of 2016. In fact, two of these farms made €20,000 and more.
Prices in Louth ranged from €5,000/acre for a small parcel of mixed quality land to a top price of €22,000/acre for a residential package in the Kilkerly region. Just four farms sold under the hammer. These included a 17-acre residential holding at Philipstown, Louth village, which was knocked down at €340,000 or €20,000/acre; a 17-acre parcel near Ravensdale made €146,000 or €8,500/acre; a 10.3-acre parcel at the Hill of Rath, Drogheda, averaged €12,600/acre or €130,000 and an 18.79-acre residential holding located at Drumcah, Knockbridge, sold for €246,000 or €13,000/acre.
Other sales included €13,300/acre for a sizeable farm in the Dundalk area; a 15-acre parcel close to Drogheda averaged €11,000/acre, while a mountain farm sold for €7,500/acre. One of the interesting aspects of the market was that at least four big farms comprising 100 acres or more commanded good strong prices ranging from €11,000/acre to almost €13,500/acre.
Supply more than trebled in Co Louth last year, driven by the arrival of a number of larger holdings to the market. A total of 33 farms incorporating 1,398 acres arrived on the market – significantly up from the 424 acres that were offered for sale in 2015.
SHARING OPTIONS