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Land Price In Kildare Has Decreased By 5%

File image: Rolling News

Overall land prices have increased across the county.

In Kildare land prices have decreased by 5% , to €15, 646 per acre, according to a report by the Irish Farmer's Journal.

However, overall agricultural land prices in Ireland have seen their biggest increase since the financial crash in 2008.

Prices have increased by 33% in the last two years.

The most significant price increase was seen in Clare where a 94% increase was recorded.

Mayo has the cheapest ranked land, at 4,800 euro per acre, and Dublin the most expensive, at 20,000 euro per acre.

The report out found 2 out of every 5 buyers of agri-land are business people with non-farming incomes.

The figures are contained in the Irish Farmers Journal’s annual land price report which reveals the average price of agricultural land increased by 16% in 2020.

Paul Mooney, Property Editor, with the Irish Farmers Journal said its not just farmers who are buying up land.

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