WITH a month left in 2021, the value of house sales in Offaly this year has already raced beyond the 2020 total. Up to November 17, buyers splurged over €1.
The land market in North Leinster was dominated by the sale of the 1,090ac at Ballinla near Edenderry that sold for €11m in an auction conducted by Raymond Potterton in August.
This sale meant that the acreage sold in the region went from 1,156ac in 2019 to 2,345ac last year, an increase of 103pc. The €25.445m generated by auction sales represented an increase of 93pc on the money spent at land auctions in the region in 2020.
At €10,850/ac, the average price of land was 5pc lower than the previous years. The number of auctions at 21 was down 27pc on the 29 in 2019, and 50pc down on the 42 auctions held in 2018.