Value of land sales up 32pc in 2023, REA survey shows

Amount of land sold rises by 30pc – at average price of €13,940/ac

This 34ac lakeside farm at Brookfield, Coolbawn on Lough Derg made €426,000 or €15,530/ac when sold by Eoin Dillon

Jim O'Brien

Last year’s land market was a seller’s paradise where plenty of buyers readily parted company with lots of money.

In the Real Estate Alliance (REA) land report for 2023 all the indicators were on an upward trajectory, with an increase of 30pc on the amount of land sold.