This report details price performance results in the Irish agricultural land market over the first 9 months of 2023. Furthermore, Philip Guckian, Associate Director of Sherry FitzGerald Country Homes, Farms and Estates, also provides an overview of the key developments in the market so far this year.
The first 9 months of 2023 saw continued growth in the Irish agricultural land market. According to the Sherry FitzGerald Agricultural Land Barometer, values increased by 8.7%.
Following an impressive year for the market in 2022, growth was sustained in the 9 months to September 2023, with values nationally increasing by €940 per acre over that period. As such, the weighted average price of farmland in Ireland, excluding Dublin, was approximately €11,785 per acre at the end of Q3 2023.