A rule of thumb in the property game is that oftentimes, the price will reflect the interest. The greater the interest, the greater the price. Obviously that is a simplistic view on what is a complicated market. Various other factors play their part in the final price, quality and parcel size being two.
For an 80-acre residential farm at Coneybeg, Watergrasshill, Co Cork, the interest in it was certainly reflected in the final price. When all was said and done, the hammer fell at just over €1.2m or €15,000/ac. The buyer was well-known and renowned businessman Tim Crowley. Crowley owns a large steel fabrication business in the area.