Such was the minimal level of activity for agricultural land in Co Dublin last year that it proved extremely challenging to collate completed transactions. Our analysis shows that only seven sales were recorded in 2016 compared to 11 the previous year, which makes it difficult to get a comprehensive picture of land values in the county.
In 2016, the average price of land in the county fell by 11%, going from €13,736/acre in 2015 to €12,171/acre last year. Despite the fall in values, it still makes Dublin the second most expensive county to buy land and is preceded by Louth at €12,463/acre. In third place is Kildare at €11,925/acre, followed by Wexford at €11,729/acre and Meath at €11,465/acre.
Prices last year ranged from €5,700/acre for a big block of grazing land that contained some forestry to a top price of €15,400/acre for almost 54 acres located at Lyons Road, Newcastle, which sold under the hammer for €830,000. A 37-acre tillage farm near Balbriggan also made €15,400/acre or €570,000.
Other prices included €13,100/acre for land in the Ballyboughal area; €10,900/acre for average land in south Dublin; €14,000/acre for a 20-acre parcel near Balbriggan and €10,500/acre for 26 acres of tillage land close Ballyboughal which sold at auction for €275,000.
Supply on the other hand increased to 918 acres – up 16.8% on the previous year when just 786 acres were offered for sale. In terms of the least amount of land for sale, Dublin was second, while Waterford had the lowest at 658 acres.
It’s clear that many of the factors that are affecting the land market in most other counties, such as lack of confidence, Brexit and access to funding, are also influencing the level of activity in Co Dublin. A number of the properties that didn’t sell had either planning for a residence, a section of zoned land, or included a fine period residence – all these had a significant bearing on the asking prices.
Such was the minimal level of activity for agricultural land in Co Dublin last year that it proved extremely challenging to collate completed transactions. Our analysis shows that only seven sales were recorded in 2016 compared to 11 the previous year, which makes it difficult to get a comprehensive picture of land values in the county.
In 2016, the average price of land in the county fell by 11%, going from €13,736/acre in 2015 to €12,171/acre last year. Despite the fall in values, it still makes Dublin the second most expensive county to buy land and is preceded by Louth at €12,463/acre. In third place is Kildare at €11,925/acre, followed by Wexford at €11,729/acre and Meath at €11,465/acre.
Prices last year ranged from €5,700/acre for a big block of grazing land that contained some forestry to a top price of €15,400/acre for almost 54 acres located at Lyons Road, Newcastle, which sold under the hammer for €830,000. A 37-acre tillage farm near Balbriggan also made €15,400/acre or €570,000.
Other prices included €13,100/acre for land in the Ballyboughal area; €10,900/acre for average land in south Dublin; €14,000/acre for a 20-acre parcel near Balbriggan and €10,500/acre for 26 acres of tillage land close Ballyboughal which sold at auction for €275,000.
Supply on the other hand increased to 918 acres – up 16.8% on the previous year when just 786 acres were offered for sale. In terms of the least amount of land for sale, Dublin was second, while Waterford had the lowest at 658 acres.
It’s clear that many of the factors that are affecting the land market in most other counties, such as lack of confidence, Brexit and access to funding, are also influencing the level of activity in Co Dublin. A number of the properties that didn’t sell had either planning for a residence, a section of zoned land, or included a fine period residence – all these had a significant bearing on the asking prices.
SHARING OPTIONS