Wednesday 27 June 2012

Land prices increase

In the Indo today, it states Land prices increased nationally by 25pc in the first six months this year to an average of €10,200 per acre, but much larger price increases were seen in Munster and Connacht.Nationally, 3,900 acres changed hands with a combined value of €41m so far this year. This compares with total sales nationwide of €162.9m in 2011 when 19,870 acres were sold in 443 land transactions. The national average price per acre was €8,200 last year. REA is seeing a huge increase in demand for Land.