Further signs of strong demand for good farm properties were the most recent auction sales by auctioneers REA Thomas Potterton.
The firm sold two properties in Meath and one in Westmeath.
The largest was 49.5ac at Donore, Longwood, Co Meath.
It opened at €450,000 and four bidders took it to €730,000. Following consultations between the auctioneer and vendors the land was declared on the market.
A further 10 bids were made at which point the property was knocked down at €755,000 or approximately €14,750/ac. In total 52 bids were made on the farm.
The buyers are a well-known local farming family, Oliver and Amanda Dixon. They are also involved in agri-contracting.
The second property was 7.5ac at Addinstown, Delvin, Co Westmeath.
There are three recently built loose boxes on the land. It opened at €50,000 and four bidders took it to €80,000. After consultations with the vendors bidding resumed and the property was knocked down at €120,000, equal to €16,000/ac.
Some weeks ago, the same auctioneer sold 18.5ac at Moneymore, Longwood, Co Meath for €283,000 or €15,300/ac. “These prices demonstrate the continuing strong demand for land in this area,” says auctioneer Thomas Potterton.