Meath had the third-highest price for agricultural land in the country in 2019, beaten only by Kildare and Dublin.
At an average of €12,764/ac, the price was 28% higher than that recorded in 2018. However, 2018 was noted as a particularly tricky year for land sales in the county and its prices would normally be over €11,500/ac.
Larger farms
The number of acres offered to the market was similar to 2018, but the number of farms was down from 83 to 67. This indicates that there were a number of larger farms on the market.
Indeed, there were seven farms over the 100ac mark for sale in Meath last year and three of those sold.
One of the larger farms offered to the market was a 167ac farm near Oldcastle, however 145ac of it were planted and it has not sold to date.
One of the highlight sales in Meath last year was that of the 364ac Dollanstown Stud, Kilcock, which sold to property developer Luke Comer for in the region of €7m.
Business buyers accounted for nearly half of the sales in the county, followed by tillage buyers at just under 20%.
Average
The average price for parcels of less than 40ac and over 40ac are actually more or less the same, with only €2/ac in the difference.
Auctions are the more popular form of sale, with 40 auctions advertised in the county in 2019 and 23 of those properties sold under the hammer.
Of those that were withdrawn, three sold on the day after the auction and the rest are either still on the market or under negotiations.
*Average: €4,809/ac
Acres offered: 2,346
Total number of farms: 61
Price range: €1,000/ac - €9,744/ac
Most active buyers: Beef
Weighted average: €4,076/ac
*Based on 38 transactions
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Monaghan prices lowest on record
Meath had the third-highest price for agricultural land in the country in 2019, beaten only by Kildare and Dublin.
At an average of €12,764/ac, the price was 28% higher than that recorded in 2018. However, 2018 was noted as a particularly tricky year for land sales in the county and its prices would normally be over €11,500/ac.
Larger farms
The number of acres offered to the market was similar to 2018, but the number of farms was down from 83 to 67. This indicates that there were a number of larger farms on the market.
Indeed, there were seven farms over the 100ac mark for sale in Meath last year and three of those sold.
One of the larger farms offered to the market was a 167ac farm near Oldcastle, however 145ac of it were planted and it has not sold to date.
One of the highlight sales in Meath last year was that of the 364ac Dollanstown Stud, Kilcock, which sold to property developer Luke Comer for in the region of €7m.
Business buyers accounted for nearly half of the sales in the county, followed by tillage buyers at just under 20%.
Average
The average price for parcels of less than 40ac and over 40ac are actually more or less the same, with only €2/ac in the difference.
Auctions are the more popular form of sale, with 40 auctions advertised in the county in 2019 and 23 of those properties sold under the hammer.
Of those that were withdrawn, three sold on the day after the auction and the rest are either still on the market or under negotiations.
*Average: €4,809/ac
Acres offered: 2,346
Total number of farms: 61
Price range: €1,000/ac - €9,744/ac
Most active buyers: Beef
Weighted average: €4,076/ac
*Based on 38 transactions
Read more
Monaghan prices lowest on record
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