Median Price per Acre of Agricultural Land by Region

With a median price¹ of €9,997 per acre, the Mid-East was the most expensive place to purchase land in 2016. The West region was the least expensive region with a median price of €4,688 per acre.

^{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 €9,790 in 2016. The lowest mean price per acre was in the West region where an acre of land was €3,775.

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

Number of Transactions of Agricultural Land by Region

The West had the highest number of agricultural land transactions in 2016 with 486 transactions occurring. The Mid-West had the lowest number of transactions with only 140 transactions taking place in 2016.

Volume of Agricultural Land Sold by Region

The West had the largest volume of agricultural land sold in 2016 with 8,267 acres sold. The smallest volume of land was sold in the Mid-West region where 2,898 acres were sold in 2016.

Value of Agricultural Land by Region

The highest value of agricultural land sold in Ireland was in the Mid-East region, where €38.30 million worth of land was sold in 2016. The Mid-West had the lowest value of land sold in 2016 with €16.49 million worth of land sold in 2016.

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 Mid-East region with a median price of €10,823 per acre in 2016. The highest median price per acre of permanent grassland was also in the Mid-East at €9,992 per acre. The lowest price per acre for arable land was in the Border region with a median price per acre of €8,644 per acre and the lowest price per acre for permanent grassland was in the West region at €4,688 per acre.

The largest difference in median price between arable land and permanent grassland was in the Border region where arable land cost €3,518 more per acre than permanent grassland.

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

The Mid-East had the highest mean price per acre for arable land with a price of €9,795 per acre. The Mid-East also had the highest price per acre of permanent grassland with a mean price of €9,788 per acre. The lowest price per acre for arable land was in the South-West with a mean price of €6,695. The lowest price per acre for permanent grassland was in the West region with a mean price of €3,775 per acre.

Number of Transactions of Agricultural Land by Region and Land Type

The West had the highest number of permanent grassland transactions in 2016 with 486 transactions. The highest number of arable land transactions were in the Mid-East with 30.

Volume of Agricultural Land Sold by Region and Land Type

The region with the largest area of arable land sold in 2016 was the Mid-East with 1,205 acres sold. The West had the highest volume of permanent grassland sold in 2016 with 8,267 acres.

Value of Agricultural Land Sold by Region and Land Type

The Mid-East had the highest value of arable land sold in 2016 with a total value of €11.80 million. The Border had the highest value of permanent grassland sold with a total value of €32.01 million.