Property/land prices in Ireland

easydosh

:DSimple question

do you predict home prices and land prices will fall in 2012?? pp are offering 3/1 for a housing fall of 6-9% this year?? what you think??

Yahew

easydosh wrote: »

:DSimple question

do you predict home prices and land prices will fall in 2012?? pp are offering 3/1 for a housing fall of 6-9% this year?? what you think??

Prices will fall this year.

irishh_bob

easydosh wrote: »

:DSimple question

do you predict home prices and land prices will fall in 2012?? pp are offering 3/1 for a housing fall of 6-9% this year?? what you think??

land for building = yes

farmland = no , it rose by 20% last year

residential property = yes

easydosh

farmland didnt rise by 20% that doesnt include private treaties only independent publications and public auctions. id still believe it to be in the under 10000e an acre region|???
this may be a boasted figure!

irishh_bob

easydosh wrote: »

farmland didnt rise by 20% that doesnt include private treaties only independent publications and public auctions. id still believe it to be in the under 10000e an acre region|???
this may be a boasted figure!

maybe , was quoting the irish independant from a few weeks back

odnauq

Farmland is up to 12,000 per acre now. Housing prices still falling.

easydosh

12k an acre .. you must obviously be just talkin about dublin

odnauq

easydosh wrote: »

12k an acre .. you must obviously be just talkin about dublin

I've seen a few articles referencing the increase in land prices;


Tuesday December 13 2011 _ ( The Indo)

A 30ac parcel at Burtown, Athy, Co Kildare, is for sale by private treaty.
While Castledermot auctioneer Michael Lyng is not fixed on a guide price, the sale of similar properties in the area has netted €10,000-12,000/ac.

odnauq

easydosh wrote: »

12k an acre .. you must obviously be just talkin about dublin

Irish Times 2012

Kavanagh, too, says a problem he foresees is getting enough land for sale. He says that Paddy Jordan sold two farms just before Christmas, a 270-acre farm in Nurney, Co Kildare, that made €2.64 million, and a 157-acre farm, near Kildare town, for €1.5 million – “and there were any number of buyers for them,” he says. “There are plenty of farmers who want to expand and reinvest and at €10,000 an acre it makes a bit of sense.” The Nurney farm came with a farmhouse that needs a lot of work, says Kavanagh, but in properties like these he finds that the house is of no consequence to the buyer and its price gets bundled up in the land price.
So now that developers have generally left the market (although some non-farmers still buy land as an investment, to lease out), have there been cases of farmers buying development land? Yes, says Kavanagh, who sold 35 acres in the town boundary of Athy, which had been zoned industrial and had full planning permission for a warehouse scheme. “It made €16,000 an acre so was a slight premium above agricultural values although it will be used for agriculture – it was bought by an adjoining farmer.”

Can't find the specific article stating 12,000.00 per acre. How much do you figure farmland is worth?

jmayo

Farmland is different especially in Ireland where farms and land only change hands every 80 odd years or some such.

Thus if land goes for sale in an area, the neighbours most likely try their dammest to buy it since there may be no more available land in the area for another 30/40 plus years.
With large farms it may often be an established farmer with deep pockets expanding or even a farmer moving as has been the case with some big farms sold over the last few years.

The price of all land was dragged up hugely by the construction bubble even if the land was only fit for farming of some sort and not ever having development potential.