Longford land prices hold steady

Longford land prices hold steady

Longford was one of a number of counties where the price of land did not dramatically fluctuate throughout 2016, according to the Farmers Journal Land Price Report 2016. 

The average price paid for land in the county went from €7,306/acre in 2015 to €7,097/acre last year, representing a 3 pc decrease.  

Supply on the other hand, did show a marked increase with an additional 465 acres offered for sale.  A total of 42 farms incorporating 1,735 acres went to the market last year - up from 1,270 acres the previous year.

One of the stand out features of the Longford market was the number of larger blocks of land that were offered for sale last year.

A total of eight farms comprising 70 acres or more arrived on the market - something that is extremely rare for this county. 

Some of these included an 88.8 acre residential holding at Bunalough, Moydow which sold at auction for €775,000 or €8,700/acre and a 153 acre block with extensive cattle accommodation situated at Ballymaurice, Granard was knocked down at €1.152m or €7,500/acre.