Given that it is the largest county in the country, it is unsurprising that Cork had the largest volume of land offered on the market at 7,552ac and the largest number of farms brought to market (141). The number of acres offered is closer to the norm, after a surge in supply in 2018.
Cork also had the largest number of farms (16) over 100ac on the market. However, it was pipped at the post by Roscommon in terms of the largest number of farms sold.
Almost 60% of the 67 land sales recorded in Cork in 2019 were sold to dairy farmers.
The average price of land in Cork rose marginally by 0.55% to €11,080/ac, and the county remains in the top 10 in terms of land price.
West Cork
West Cork had some of the highest prices in the country, with places like Bandon, Clonakilty and Barryroe topping €15,000/ac and even €20,000/ac in places.
Auctions are a successful method of sale in Cork, with nine of the 12 properties that went to auction sold under the hammer. The majority of those that sold under the hammer achieved over €9,000/ac.
While dairy buyers are dominant on the market, business buyers are also prominent and accounted for some 20% of sales in 2019.
Meanwhile, beef buyers accounted for some 10% of sales.
The auction of over 95ac at Bridgeland West, Rathcormac, was definitely a highlight for the Cork land market in 2019. It sold under the hammer for €1.65m (€17,370/ac).
Highlight
Another highlight included the auction of 133ac at Ballyshonin, Berrings, which sold for €1.37m (€10,340/ac). This is more representative of the trend – parcels of land that were smaller than 40ac achieved an average of €13,234/ac, while farms over 40ac achieved an average of just over €9,500/ac.
*Average: €11,080/ac
Acres offered: 7,552
Total number of farms: 141
Price range: €1,200/ac - €27,083/ac
Most active buyers: Dairy
Weighted average: €9,550/ac
*Based on 67 transactions
Read more
Land prices remain strong in the Kingdom
Land report: Boom is back in Kildare land prices
Given that it is the largest county in the country, it is unsurprising that Cork had the largest volume of land offered on the market at 7,552ac and the largest number of farms brought to market (141). The number of acres offered is closer to the norm, after a surge in supply in 2018.
Cork also had the largest number of farms (16) over 100ac on the market. However, it was pipped at the post by Roscommon in terms of the largest number of farms sold.
Almost 60% of the 67 land sales recorded in Cork in 2019 were sold to dairy farmers.
The average price of land in Cork rose marginally by 0.55% to €11,080/ac, and the county remains in the top 10 in terms of land price.
West Cork
West Cork had some of the highest prices in the country, with places like Bandon, Clonakilty and Barryroe topping €15,000/ac and even €20,000/ac in places.
Auctions are a successful method of sale in Cork, with nine of the 12 properties that went to auction sold under the hammer. The majority of those that sold under the hammer achieved over €9,000/ac.
While dairy buyers are dominant on the market, business buyers are also prominent and accounted for some 20% of sales in 2019.
Meanwhile, beef buyers accounted for some 10% of sales.
The auction of over 95ac at Bridgeland West, Rathcormac, was definitely a highlight for the Cork land market in 2019. It sold under the hammer for €1.65m (€17,370/ac).
Highlight
Another highlight included the auction of 133ac at Ballyshonin, Berrings, which sold for €1.37m (€10,340/ac). This is more representative of the trend – parcels of land that were smaller than 40ac achieved an average of €13,234/ac, while farms over 40ac achieved an average of just over €9,500/ac.
*Average: €11,080/ac
Acres offered: 7,552
Total number of farms: 141
Price range: €1,200/ac - €27,083/ac
Most active buyers: Dairy
Weighted average: €9,550/ac
*Based on 67 transactions
Read more
Land prices remain strong in the Kingdom
Land report: Boom is back in Kildare land prices
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