Home News Farming Average price of Laois farm land increases by almost 30% per acre...

Average price of Laois farm land increases by almost 30% per acre in 2023

Land prices
A 72-page report on land prices around the country is in this week's edition of the Irish Farmers Journal

The average price of farm land in Laois sold in 2023 was €16,359 per acre, up 28% on the 2022 figure.

This is according to the latest Land Price Survey in the Irish Farmers Journal which reported last week that there was 17 farm land sales in total, with price per acre up over €3,500 on what it was 12 months previously.

The 2022 figure of €12,787 was over €1,000 an acre lower than it had been in 2021.

In all, 947 acres of land were offered for sale across 30 farms. This was down from 1,025 acres in 2022 which was from 25 farms.

“Land quality in Laois is more uniform in Laois than in other counties,” reported the Farmers Journal. 

“Most farms and parcels of good land sell within the €12,000 to €18,000 per acre range.”

The piece highlighted notable sales of land in Errill where 51 acres sold for €1.4 million or €27,450 per acre.

Nationally, the average price of land per acre was €11,925, down from €12,288, or 2.9%, the previous year.

The average price was highest in Dublin at €38,023 though this was on a small sample size of just three sales, all under 40 acres in total.

After Dublin, Kildare had the next highest average price of land at €17,529 while Carlow, at €17,109, was the only other county above the €17k mark.

Laois was eighth overall – though there was little between the next cohort with Louth, Waterford, Kilkenny, Wexford and Cork all between €16-17,000.

Mayo, where there were 51 sales, had the lowest average price at €6,284.

The average price of land in Laois in recent years:

  • 2023 – €16,359
  • 2022 – €12,787
  • 2021 – €13,984
  • 2020 – €13,713
  • 2019 – €11,523
  • 2018 – €10,702
  • 2017 – €11,926
  • 2016 – €9,769

SEE ALSO – Property: 42 acre farm and old house for sale at Derryguile, Mountmellick with Hennessy Auctioneers