The price of farmland should remain relatively steady this year despite the COVID-19 pandemic, a survey of Sherry Fitzgerald agents suggests. Interest should remain strong for land, particularly smaller parcels. The main issue in the market to date this year is the lack of supply, with many vendors holding out on selling until things settle down.
“It may take a few months for this market to find its feet and for that time there may be a decline. However, land is a sought-after commodity in Ireland and history has shown us that there will always be a market for it,” said Philip Guckian from the country homes division. He added that the market for larger land holdings is more difficult to predict than for those less than 50ac.