New figures from the Central Statistics Office show a noticeable decline in the volume of land sold in Ireland in 2020 compared to the previous year.
The CSO said that 29,031 acres of land were sold at a median price of €6,992 per acre compared with 61,997 acres of land sold in 2019.
Today's figures show that the most expensive region to buy agricultural land was in the South-East (Wexford, Carlow, Kilkenny and Waterford) where 2,093 acres of agricultural land sold for a median price of €10,645 per acre.
Meanwhile, the West (Galway, Mayo and Roscommon) was the least expensive region to purchase land where 6,412 acres of land sold for a median price of €4,625.
The CSO said the West had the highest volume of agricultural land sold at 6,412 acres, while the South-West (Cork, Kerry) was the area with the lowest volume of deals with 605 acres sold during the year.
Today's figures also show that the highest value of agricultural land sold in Ireland was in the Midlands, where over €40m worth of land was sold in 2020.
The South-West had the lowest value of land sold in 2020 with €4.45m worth of land sold.
The CSO said that outside of Dublin, the most expensive price per acre of arable land was in the Midlands region with a median price of €14,351 per acre in 2020.
The highest median price per acre of permanent grassland was in the South-East at €10,944 per acre.
The lowest price per acre for arable land was in the Mid-East with a median price per acre of €9,660 per acre and the lowest price per acre for permanent grassland was in the West region at €4,625 per acre.
