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Cost of Irish farmland the highest since Celtic Tiger crash

Mar 16, 2023 09:19 By Shannonside News
Cost of Irish farmland  the highest since Celtic Tiger crash
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Over 43 per cent of farmland bought last year was by business groups.

Irish farmland is selling for over 12-thousand euro an acre for the first time since the Celtic Tiger.

Over 43 per cent of farmland bought last year was by business groups.

The Irish Farmers Journal's annual Agricultural Land Price Report for 2022 has some lead findings.

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One of those is that business buyers now dominate the farmland market with 43 per cent of purchases.

The average price of land increased by almost 3 per cent to over 12-thousand euro per acre.

It's the first time since the Celtic Tiger farmland prices have risen over this threshold.

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The report suggests rising inflation pushed investors to buy up land, rather than leaving it sitting in the bank.

Leinster has the most expensive land per acre over Munster by nearly a thousand, with land in Connacht the cheapest.

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