The average price of farmland in Ireland fell by 1.6% in 2016, which follows on from a decline of 9.9% in 2015. In total, 34,000 acres changed hands at an average price of €8,771/acre during the year. This represented the seventh successive year that farmland values have stayed below €10,000/acre and remain less than half of the peak of 2006, when average prices were €20,000.
8 years ago