Kildare fetched the highest land prices in 2020.
Land rental prices are predicted to rise by up to 8% on average this year, underpinned by a rise in farm incomes as well as strong demand and reduced supply, according to the Teagasc agricultural land market review and outlook report 2021.
According to the Society of Chartered Surveyors Ireland (SCSI), 2021 demand for rented ground remains strong, with rents this year expected to rise by 8% in Leinster, 5% in Munster and 6% in Connacht.
The market experts say that restrictions on viewings due to lockdown led to a decrease in the volume of sales during 2020, as prospective sellers opted to defer their plans to sell.
Farmland prices may rise 4% this year despite pandemic – report
irishtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from irishtimes.com Daily Mail and Mail on Sunday newspapers.
Land prices forecast to rise by 4% on average in 2021
rte.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rte.ie Daily Mail and Mail on Sunday newspapers.
Farmer confidence remains strong : Land prices set to rise in 2021
agriland.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from agriland.ie Daily Mail and Mail on Sunday newspapers.