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Value of land

  • 13-07-2011 10:47am
    #1
    hillclimber
    Registered Users Posts: 54 ✭✭


    What do people feel land is worth? Good quality land around us in Cork seems to be making anything up to 13500per acre and more in some cases. Does this make sense?


Comments

  • #2
    Muckit
    Registered Users, Registered Users 2 Posts: 11,174 ✭✭✭✭Muckit


    What is land (or anything) worth?
    Simple and short answer .....It's worth what someone is willing to pay for it.

    I was out looking at a half acre site last night where the lad was looking for €90,000 for it.


  • #3
    irishh_bob
    Closed Accounts Posts: 5,700 ✭✭✭irishh_bob


    Muckit wrote: »
    What is land (or anything) worth?
    Simple and short answer .....It's worth what someone is willing to pay for it.

    I was out looking at a half acre site last night where the lad was looking for €90,000 for it.


    poor man , cant let go of the past


  • #4
    irishh_bob
    Closed Accounts Posts: 5,700 ✭✭✭irishh_bob


    hillclimber wrote: »
    What do people feel land is worth? Good quality land around us in Cork seems to be making anything up to 13500per acre and more in some cases. Does this make sense?

    another question you could now add to the mix is what currency do you value it in , im serious , the way things have moved this past few days , will land be valued in PUNTS by year end :confused:


  • #5
    99nsr125
    Registered Users, Registered Users 2 Posts: 1,202 ✭✭✭99nsr125


    hillclimber wrote: »
    What do people feel land is worth? Good quality land around us in Cork seems to be making anything up to 13500per acre and more in some cases. Does this make sense?

    What I feel land is actually worth
    2k an acre for arable/tillage ground, see France, Germany, Ukraine etc.

    Our planning laws have skewed values because any parcel of land
    could have development potential at some stage.

    The exception to this is forested land which current law states must remain
    forested and this is valued at 3kish.


  • #6
    8k2q1gfcz9s5d4
    Closed Accounts Posts: 2,616 ✭✭✭8k2q1gfcz9s5d4


    Muckit wrote: »
    .
    I was out looking at a half acre site last night where the lad was looking for €90,000 for it.

    must have oil in the ground :D


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  • #7
    polod
    Closed Accounts Posts: 367 ✭✭polod


    ya have to access the economic value of the land also........how long will it take you 2 make back the 13500 on 1 acre .........handy if ya won the euromillions :D


  • #8
    irishh_bob
    Closed Accounts Posts: 5,700 ✭✭✭irishh_bob


    the average price of farmland in this country is closer to 6 k an acre right now


  • #9
    5live
    Closed Accounts Posts: 4,438 ✭✭✭5live


    irishh_bob wrote: »
    the average price of farmland in this country is closer to 6 k an acre right now
    Nearer 8k iirc from the journal a few months ago. British farm land now averaging £6000 or 6800 euro an acre for the first time


  • #10
    Tipp Man
    Closed Accounts Posts: 4,025 ✭✭✭Tipp Man


    irishh_bob wrote: »
    the average price of farmland in this country is closer to 6 k an acre right now

    Depends where you are in the country, the strength of the neighbours and the quality of the land

    You would only get very poor land around here for 6k - good land in the 9-10k bracket


  • #11
    Tipp Man
    Closed Accounts Posts: 4,025 ✭✭✭Tipp Man


    polod wrote: »
    ya have to access the economic value of the land also........how long will it take you 2 make back the 13500 on 1 acre .........handy if ya won the euromillions :D

    If you thought like that you'd never buy land:D

    Spreading the cost over the whole farm can justify it


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