Median Price per Acre of Agricultural Land by Region

With a median price¹ of €9,613 per acre, the South-East was the most expensive place to purchase land in Ireland in 2015. The Border and West regions were the least expensive regions with a median price of €5,149 and €5,172 per acre respectively.

^{1 - The median regional price is  the middle value of a list of transactions in that region when sorted in order of price per acre. The advantage of taking the median price over the mean price is that it is not skewed by extremely large or small values and therefore gives a better idea of the typical value.}

Mean Price per Acre of Agricultural Land by Region

The Mid-East was the region with the highest mean price² per acre of agricultural land with an acre of land selling at a mean price of €9,778 in 2015. The lowest mean price per acre was in the Border region where an acre of land was €3,771.

^{2 - The mean price per acre was calculated by dividing the total value of the land sold in each region by the total land sold in each region.}

Number of Transactions of Agricultural Land by Region

The West had the highest number of agricultural land transactions in 2015 with 606 transactions occuring. The Mid-East had the lowest number of transactions with only 247 transactions taking place in 2015.

Volume of Agricultural Land Sold by Region

The Border region had the largest volume of agricultural land sold in 2015 with 11,212 acres sold. The smallest volume of land was sold in the Mid-West region where 4,844 acres were sold in 2015.

Value of Agricultural Land by Region

The highest value of agricultural land sold in Ireland was in the South-East region, where €62.65 million worth of land was sold in 2015. The Mid-West had the lowest value of land sold in 2015 with €26.94 million worth of land sold in 2015.

Median Price per Acre of Agricultural Land by Region and Land Type

Similarly to the national indicators, there is a relatively large price difference between arable land and permanent grassland in most regions. Outside of Dublin, the most expensive price per acre of arable land was in the Midland region with a median price of €10,557 per acre in 2015. The highest median price per acre of permanent grassland was in the South-East at €9,378 per acre. The lowest price per acre for arable and permanent grassland was in the Border region with a median price per acre of €7,001 per acre and €5,116 per acre respectively.

The largest difference in median price between arable land and permanent grassland was in the Midland region where arable land cost €4,612 more per acre than permanent grassland.

Mean Price per Acre of Agricultural Land by Region and Land Type

The South-West had the highest mean price per acre for arable land with a price of €12,316 per acre. The Mid-East had the highest price per acre of permanent grassland with an mean price of €9,516 per acre. The lowest price per acre for arable land and permanent grassland were in the Border region with an mean price of €6,857 per acre and €3,621 per acre respectively.

Number of Transactions of Agricultural Land by Region and Land Type

The West had the highest number of permanent grassland transactions in 2015 with 606 transactions. The highest number of arable land transactions were in the Mid-East with 50.

Volume of Agricultural Land Sold by Region and Land Type

The region with the largest area of arable land sold in 2015 was the Mid-East with 1,013 acres sold. The West had the highest volume of permanent grassland sold in 2015 with 11,125 acres.

Value of Agricultural Land Sold by Region and Land Type

The Mid-East had the highest value of arable land sold in 2015 with a total value €10.97 million. The South-East had the highest value of permanent grassland sold with a total value of €54.12 million.