All things considered, the Meath property market performed strongly in 2020.
The supply of farms and land on the market, and average price made, were all very close to the levels of 2018.
Forty-nine farms were put on the market, down from 67. But, at 3,457ac, the total area of land offered on the market was very close to that of the year before, down by just 319ac.
A significant number of larger farms were put up for sale.
Average price was €12,614, down by just €150 on the average of last year.
Of the 49 farms put on the market, 34 were sold, which was a relatively high proportion compared to other counties.
Breaking down the figures, 23 of the 49 farms were under 40ac in size, 15 were 40ac to 99ac and 11 were 100ac or bigger. Of the 11 farms over 100ac, seven sold.
Eighteen of the farms were residential, 31 non-residential. Twenty-nine of the farms were offered by private treaty, 18 by public auction and two were offered by tender.
Once again, auctions proved to be successful with 12 selling under the hammer.
On price, the smaller farms under 40ac averaged €13,547/ac and the larger farms over 40ac averaged €11,784/ac.
The range in prices went from a minimum of €5,000/ac up to €41,304/ac.
The total value of the land sold was €36.7m.
Given the proximity of the county to Dublin city, it’s no surprise that the dominant category of buyer was business which includes investors, non-farmers and farmers with substantial off-farm income. They bought over half of the holdings sold.
Among the notable sales were 241ac Killegland Farm at Ashbourne which sold by tender for approximately €30,000/ac.
Also making a high price was the 10ac at Blackhall, Dunboyne, which sold at auction for €19,000/ac.
*Average: €12,614/ac Acres offered: 3,457 Total number of farms: 49 Price range: €5,000/ac - €41,304/ac Most active buyers: Business Weighted average: €14,413/ac *Based on 34 transactions
All things considered, the Meath property market performed strongly in 2020.
The supply of farms and land on the market, and average price made, were all very close to the levels of 2018.
Forty-nine farms were put on the market, down from 67. But, at 3,457ac, the total area of land offered on the market was very close to that of the year before, down by just 319ac.
A significant number of larger farms were put up for sale.
Average price was €12,614, down by just €150 on the average of last year.
Of the 49 farms put on the market, 34 were sold, which was a relatively high proportion compared to other counties.
Breaking down the figures, 23 of the 49 farms were under 40ac in size, 15 were 40ac to 99ac and 11 were 100ac or bigger. Of the 11 farms over 100ac, seven sold.
Eighteen of the farms were residential, 31 non-residential. Twenty-nine of the farms were offered by private treaty, 18 by public auction and two were offered by tender.
Once again, auctions proved to be successful with 12 selling under the hammer.
On price, the smaller farms under 40ac averaged €13,547/ac and the larger farms over 40ac averaged €11,784/ac.
The range in prices went from a minimum of €5,000/ac up to €41,304/ac.
The total value of the land sold was €36.7m.
Given the proximity of the county to Dublin city, it’s no surprise that the dominant category of buyer was business which includes investors, non-farmers and farmers with substantial off-farm income. They bought over half of the holdings sold.
Among the notable sales were 241ac Killegland Farm at Ashbourne which sold by tender for approximately €30,000/ac.
Also making a high price was the 10ac at Blackhall, Dunboyne, which sold at auction for €19,000/ac.
*Average: €12,614/ac Acres offered: 3,457 Total number of farms: 49 Price range: €5,000/ac - €41,304/ac Most active buyers: Business Weighted average: €14,413/ac *Based on 34 transactions
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