LAND PRICES TO RISE BY 4% THIS YEAR
Land prices remained resilient last year despite the threat posed by Covid-
decrease in the volume of sales, as prospective sellers opted to defer their
19, and are predicted to rise by 4% on average this year, underpinned by a
plans to sell. These were some of the key takeaways from the SCSI/Teagasc
rise in farm incomes as well as strong demand and reduced supply.
Agricultural Land Market Review and Outlook Report 2021, which was
Demand for rented ground also remains strong with rents this year expected
published recently. The report’s findings and commentary by James Lee,
to rise by 8% in Leinster, 5% in Munster and 6% in Connacht. However,
Chair of the Rural Agency Group, received extensive media coverage across
auctioneers, valuers and Chartered Surveyors operating in the agricultural
the Irish Independent, The Irish Times, RTÉ and online media. Sincere thanks
land markets say that restrictions on viewings due to lockdown led to a
to the 156 members who participated in this year's survey.
SURVEYORS JOURNAL Volume 11, Issue 2, Summer 2021
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