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Farm land prices exceed £20k in NI county first time

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The IFJ survey covers purely the value of bare land, excluding any dwellings, farmyards or building sites.

But Peter McCann from the IFJ team said separate calculations showed the total price paid for such properties equated to £19,140 an acre in 2024, an increase of 5.6%.

He added that existing farm buildings are expected to rise in value in the coming years as “tight rules around planning restricts the construction of new sheds”.

The survey found that farmers are the main purchasers in the Northern Ireland land market, with the parcels offered for sale being too small and too costly to attract companies trying to offset emissions.

Land prices in Northern Ireland are much higher than in the Republic of Ireland.

Prices there averaged €12,515 (£10,442) an acre, up 5% from €11,925 (£9,949) in 2023.


BBC News

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