Drama again in Tipperary, where big money was handed out for one or two farms targeted by business interests. Behind the headlines, dairy farmers and part-time farmers were active buyers. Overall, land prices slipped 2% to average €15,388/ac – this is after three years of sharp rises.
Drama again in Tipperary, where big money was handed out for one or two farms targeted by business interests.
Behind the headlines, dairy farmers and part-time farmers were active buyers. Overall, land prices slipped 2% to average €15,388/ac – this is after three years of sharp rises.
We looked at 100 farms on 5,842ac. They were of every land type – we sought selling prices for land used for grazing and silage, or tillage. Selling prices ranged from €6,429/ac to €37,308/ac.
The top price was secured on a non-residential 65ac at Parkville, Clonmel, auctioned in March by PF Quirke.
Four bidders made 47 bids and the edge-of-town property was knocked down at €2.425m – over €37,000/ac. The buyer had Coolmore Stud connections.
On a roll, Pat Quirke auctioned 13.42ac at Munroe, Lisronagh in May, for €410,000 or almost €31,000/ac – meaning another happy vendor. Elsewhere in the county, land was auctioned at prices that looked tamer – but anywhere else they would be considered very good.
REA’s Eoin Dillon sold 45.2ac of non-residential land at Toore, Nenagh for €15,794/ac, to a local farmer. In November, Eoin Dillon also sold 34ac of non-residential land at Ardcroney for €20,407/ac. Thomas V Ryan sold the very pleasant 60ac Kill House farm, near Drom, for €1.85m.
Another notable sale was when Cashel Mart sold 59.3ac at Clonoulty, with a farmhouse, by private treaty. The guide was €1m but the sale price was significantly higher.
REA John Lee, Michael Barry, GVM, PJ Broderick – all had private treaty sales between €15,000/ac and €21,000/ac.
Plainer parcels of land sold between €5,000/ac and €10,000/ac. Dairy farmers were the most active buyers followed by part-time farmers as well as those with equestrian and business interests.
Average*: €15,388/ac
% change on 2023: -2%
Acres offered: 5,842
Total number of farms: 100
Price range: €6,429/ac to €37,308/ac
Most active buyers: Dairy
Weighted average: €15,202
*Number of transactions: 31
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