Agricultural land prices drops by 11%

The price of agricultural land dropped by over 11% during the first quarter of this year compared to the last three months of 2004. There has also been a sharp decrease in the number of agricultural land transactions. In the Kerry region during 2004, the average transaction size was 12.5 hectares which was up on the previous year. The average price for a hectare of land in Kerry last year was just under 17 thousand euro. Nationally, there was a 6% increase in the average land transaction size.