Despite a fall in both land values and supply in Tipperary last year, there was a thriving level of activity with 64 completed sales recorded. The average price paid for land in the county last year was €9,379/acre, which represents a 9% drop when compared to the 2015 average of €10,287/acre.
The supply of land to the market also fell by 12.7% to 5,122 acres, down from 5,868 acres the previous year. At 5,122 acres, Tipperary is second to Cork (9,318 acres) in terms of most land offered for sale.
Prices ranged from €3,300/acre for a 30-acre parcel of land suitable for forestry to a top price of €16,800/acre for a 48-acre residential holding located at Knockmorris, Cahir, which sold under the hammer for €810,000. There was plenty of activity in the auction room, with 43 farms auctioned, of which 21 successfully sold under the hammer.
Some of these included a 45-acre residential package near Emill that sold for €550,000 or €12,200/acre; a 69-acre farm close to Upperchurch averaged €8,900/acre or €622,000; a 41-acre block at Birchill, Drombane, made €270,000 or €6,500/acre; a 41-acre residential package at Newtown, Drangan, fetched €300,000 or €7,300/acre; a 65-acre residential property near Rathmanna, Thurles, sold for €857,000 or €13,100/acre, while a 47.3-acre residential holding near Cappawhite was knocked down at €389,000 or €8,200/acre.
Two of the bigger farms that sold at auction included a 113-acre residential property located at Doon, Rathronan, Clonmel, which made €1.385m or €12,200/acre, while an 80-acre residential farm at Fancroft, Roscrea, made €925,000 or €11,500/acre.
Other prices included €11,600/acre for land in the Nenagh region; €9,000/acre for a small parcel near Templemore; almost €13,500/acre for a 20-acre parcel near Fethard; €10,700/acre for 30 acres in the Thurles area and €16,600/acre for a super tillage farm close to Clonmel.
Despite a fall in both land values and supply in Tipperary last year, there was a thriving level of activity with 64 completed sales recorded. The average price paid for land in the county last year was €9,379/acre, which represents a 9% drop when compared to the 2015 average of €10,287/acre.
The supply of land to the market also fell by 12.7% to 5,122 acres, down from 5,868 acres the previous year. At 5,122 acres, Tipperary is second to Cork (9,318 acres) in terms of most land offered for sale.
Prices ranged from €3,300/acre for a 30-acre parcel of land suitable for forestry to a top price of €16,800/acre for a 48-acre residential holding located at Knockmorris, Cahir, which sold under the hammer for €810,000. There was plenty of activity in the auction room, with 43 farms auctioned, of which 21 successfully sold under the hammer.
Some of these included a 45-acre residential package near Emill that sold for €550,000 or €12,200/acre; a 69-acre farm close to Upperchurch averaged €8,900/acre or €622,000; a 41-acre block at Birchill, Drombane, made €270,000 or €6,500/acre; a 41-acre residential package at Newtown, Drangan, fetched €300,000 or €7,300/acre; a 65-acre residential property near Rathmanna, Thurles, sold for €857,000 or €13,100/acre, while a 47.3-acre residential holding near Cappawhite was knocked down at €389,000 or €8,200/acre.
Two of the bigger farms that sold at auction included a 113-acre residential property located at Doon, Rathronan, Clonmel, which made €1.385m or €12,200/acre, while an 80-acre residential farm at Fancroft, Roscrea, made €925,000 or €11,500/acre.
Other prices included €11,600/acre for land in the Nenagh region; €9,000/acre for a small parcel near Templemore; almost €13,500/acre for a 20-acre parcel near Fethard; €10,700/acre for 30 acres in the Thurles area and €16,600/acre for a super tillage farm close to Clonmel.
SHARING OPTIONS