The opening quarter of 2018 has seen the continued recovery of agricultural land values in Ireland. Farmland rose by 0.9% in the quarter, while in comparison, prices grew by 0.3% in the opening quarter of 2017. Annually to Q1 2018, agricultural land values nationally increased by 2.2%.
Renewed interest in PBSA has led to an upsurge in development activity and new entrants into the market from both an owner and operator perspective. As of mid-2018, approximately 6,180 bed spaces were under construction in Dublin, with a further 1,032 under way in Cork and Galway.