Prices for paid for agricultural land in Tyrone last year eased back by just 2%, or £280/ac, to an average price of £13,578/ac.
Tyrone has been overtaken by Antrim and is now in fourth place across NI counties for average land price.
When ranked across the entire island of Ireland, the Red Hand County is in 14th position, down from sixth place in last year’s land report
There were 2,552 acres publicly advertised for sale in Tyrone last year, down 21% on 2022 levels.
The total area of land on the market in Tyrone equates to 0.53% of the county’s total grassland and arable area.
Overall, there were 89 agricultural properties offered up for sale during 2023, with the average lot equating to 29 acres. This compares to 115 lots averaging 28 acres in 2022.
A dwelling house or building site was included with 27% of agricultural properties that were advertised in Tyrone last year, so 73% of farms were non-residential.
In 2022, our records found that 20% of farms for sale were residential, with 80% deemed non-residential.
The top price recorded in our survey for the county was £24,295/ac for an exceptional block of land in the east of the county. There were also several examples of land which changed hands for just below the £20,000/ac mark.
The lowest price was £6,515/ac for a large block of heavy land in west Tyrone. There were several sales recorded around the same area where land made prices below the £8,000/ac mark.
Our survey found 21% of land sales in the county were under £10,000/ac, and 46% of transactions fell within the £10,001-£15,000/ac bracket. Just under 30% of sales were between £15,001-20,000/ac and 4% were over £20,000/ac.
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