Land prices in Kilkenny dropped back by 3% in 2019 to €12,057/ac. However, it is still in the top 10 most expensive counties for agricultural land. The number of acres and farms offered to the market dropped significantly. In 2019, there were just 1,778ac recorded on the market, down almost 50% from 2018. Similarly, the number of farms on the market fell from 80 down to 49.
The range in prices from €6,032/ac to €21,121/ac is fairly typical of the market in Kilkenny. These prices are spread pretty evenly across the county. Land in areas like Mullinavat, Cuffesgrange and Thomastown achieved both above and below average. However, prices would have been at the lower end of the scale for land in the Castlecomer area.
After the sale of the 512ac estate at Castletown Cox in 2018, it is notable that there were only two properties over 100ac recorded as sold in 2019 in Kilkenny.
Dairy buyers dominated the market, accounting for over 50% of land sales. Of the 17 public auctions in 2019, 10 sold under the hammer. The majority of properties withdrawn were sold shortly after the auction.
Notable sales included that of 40ac at Killahy in Mullinavat, which sold for €15,750/ac when it went under the hammer. Meanwhile, some 58ac at Grange, Ballyragget, sold in two lots for a combined total of €770,000 (€13,275/ac).
The average price of land for parcels smaller than 40ac was €11,785/ac, while the average price for parcels over 40ac was €12,512/ac.
*Average: €12,057/ac Acres offered: 1,778Total number of farms: 49Price range: €6,032/ac - €21,121/acMost active buyers: DairyWeighted average: €12,406/ac*Based on 32 transactions
Land prices in Kilkenny dropped back by 3% in 2019 to €12,057/ac. However, it is still in the top 10 most expensive counties for agricultural land. The number of acres and farms offered to the market dropped significantly. In 2019, there were just 1,778ac recorded on the market, down almost 50% from 2018. Similarly, the number of farms on the market fell from 80 down to 49.
The range in prices from €6,032/ac to €21,121/ac is fairly typical of the market in Kilkenny. These prices are spread pretty evenly across the county. Land in areas like Mullinavat, Cuffesgrange and Thomastown achieved both above and below average. However, prices would have been at the lower end of the scale for land in the Castlecomer area.
After the sale of the 512ac estate at Castletown Cox in 2018, it is notable that there were only two properties over 100ac recorded as sold in 2019 in Kilkenny.
Dairy buyers dominated the market, accounting for over 50% of land sales. Of the 17 public auctions in 2019, 10 sold under the hammer. The majority of properties withdrawn were sold shortly after the auction.
Notable sales included that of 40ac at Killahy in Mullinavat, which sold for €15,750/ac when it went under the hammer. Meanwhile, some 58ac at Grange, Ballyragget, sold in two lots for a combined total of €770,000 (€13,275/ac).
The average price of land for parcels smaller than 40ac was €11,785/ac, while the average price for parcels over 40ac was €12,512/ac.
*Average: €12,057/ac Acres offered: 1,778Total number of farms: 49Price range: €6,032/ac - €21,121/acMost active buyers: DairyWeighted average: €12,406/ac*Based on 32 transactions
SHARING OPTIONS