Listen: AgriFocus - how much will an acre of land cost in 2025?
In this episode of AgriFocus, Agriland editor, Stella Meehan is joined by Dr. Frank Harrington who is chair of the Society of Chartered Surveyors Ireland (SCSI) Rural Agency Committee and discipline lead of Real Estate and Valuations at TU Dublin.
Auctioneers and valuers from the SCSI have said that the outlook for the agricultural land market remains strong for 2025 and they are forecasting that the price of agricultural land nationally will increase by 6% on average this year.
In a major report with Teagasc, auctioneer and valuer members of SCSI operating in the agricultural sales and rental market, say average rental prices in 2025 are expected to increase by 7%.
In Munster, average rental prices are expected to rise by 8% while in Leinster and Connacht/Ulster an increase of 7% is forecast.
The average price of non-residential agricultural land in 2024 was €9,900/ac, which is an increase of 7%, up from €9,297 in 2023.
Dr. Harrington explains that strong commodity prices and limited supply of land coming onto the market are going to continue to drive land prices.
