A significant factor in the Dublin land market last year was the speculator and this contributed to Dublin having the most expensive land in Ireland in 2018. With prices of €21,983/ac, it is hardly surprising that speculators were a big part of the market here.
In percentage terms, values increased 75%, the highest increase nationally. Just over 46% of the total completed sales in Dublin last year were by business people.
Dublin has always been prone to extortionate prices. In 2014, prices reached almost €24,000/ac, only to drop back to €13,700/ac the following year.
One of the highlight sales in Dublin was the 183ac farm in Allenwood near Lucan that was sold for a reported €9m or €49,000/ac to an undisclosed business entity. The farm was previously owned by the Pritchard Jones family and was sold in September, having come to the market in the summer.
Another impressive sale was a medium-sized farm near Dublin Airport which sold to a speculator for a sum believed to be in the region of €50,000/ac. The farm is used for agricultural purposes and is not currently zoned.
There were seven auctions in Dublin in 2018, with three selling under the hammer and four withdrawn. In Garristown, a 204ac farm sold under the hammer for €2m or almost €10,000/ac; the 179ac Greenogue Farm on the Meath-Dublin border made its guide of €2.71m or €15,140/ac, while a 30.5ac farm in Lisheen Road near Brittas made €250,000 or €8,224/ac.
The competition for land is high. In north Dublin, numerous strong farming entities are present. Buyers who came into money selling development land during the boom are present in the market. Residential farms in close commuting distance to the city also command high prices and speculators are in the market too.
Vital statistics
*Average: €21,983/acAcres offered: 1,452Total number of farms: 23Price range: €8,000/ac-€57,690/acMost active buyers: BusinessWeighted average: €21,150/ac*Based on 13 transactions
Read more
Long read: steady prices but high uncertainty in Ireland's land market
Land Price Report: 11 reasons why land fails to sell
A significant factor in the Dublin land market last year was the speculator and this contributed to Dublin having the most expensive land in Ireland in 2018. With prices of €21,983/ac, it is hardly surprising that speculators were a big part of the market here.
In percentage terms, values increased 75%, the highest increase nationally. Just over 46% of the total completed sales in Dublin last year were by business people.
Dublin has always been prone to extortionate prices. In 2014, prices reached almost €24,000/ac, only to drop back to €13,700/ac the following year.
One of the highlight sales in Dublin was the 183ac farm in Allenwood near Lucan that was sold for a reported €9m or €49,000/ac to an undisclosed business entity. The farm was previously owned by the Pritchard Jones family and was sold in September, having come to the market in the summer.
Another impressive sale was a medium-sized farm near Dublin Airport which sold to a speculator for a sum believed to be in the region of €50,000/ac. The farm is used for agricultural purposes and is not currently zoned.
There were seven auctions in Dublin in 2018, with three selling under the hammer and four withdrawn. In Garristown, a 204ac farm sold under the hammer for €2m or almost €10,000/ac; the 179ac Greenogue Farm on the Meath-Dublin border made its guide of €2.71m or €15,140/ac, while a 30.5ac farm in Lisheen Road near Brittas made €250,000 or €8,224/ac.
The competition for land is high. In north Dublin, numerous strong farming entities are present. Buyers who came into money selling development land during the boom are present in the market. Residential farms in close commuting distance to the city also command high prices and speculators are in the market too.
Vital statistics
*Average: €21,983/acAcres offered: 1,452Total number of farms: 23Price range: €8,000/ac-€57,690/acMost active buyers: BusinessWeighted average: €21,150/ac*Based on 13 transactions
Read more
Long read: steady prices but high uncertainty in Ireland's land market
Land Price Report: 11 reasons why land fails to sell
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