Real Estate Alliance: Land prices increase

In the Indo today, it states Land prices increased nationally by 25pc in the first six months this year to an average of ?10,200 per acre, but much larger price increases were seen in Munster and Connacht.Nationally, 3,900 acres changed hands with a combined value of ?41m so far this year. This compares with total sales nationwide of ?162.9m in 2011 when 19,870 acres were sold in 443 land transactions. The national average price per acre was ?8,200 last year. REA is seeing a huge increase in demand for Land.

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