The Irish farming community has been buzzing with excitement since the news broke that a Clare farm has sold for a staggering €210k over its guide price at auction. The property, located in the heart of the county, was highly sought after and sparked a bidding war amongst interested parties. This unexpected outcome has left many wondering what led to such a high sale and what it could mean for the local agricultural industry. In this article, we will take a closer look at the story behind the sale and explore the potential implications of this significant event.
An auction hosted by Pat Dooley of REA Dooley Group at the Radisson Blu Hotel saw a farm in County Clare, close to Limerick city, sell for over €210k beyond the guide price. The land, situated at Ballymoloney and Ballyquinn, Kilbane, Broadford, was offered for sale in four lots including an old farmhouse on 13.3 acres, 13.4 acres with an old ruin, 26.4 acres or the entirety of 53 acres and farmhouse. Around 30 people attended the auction, where Mr Dooley described the quality of the 53 acres as “mixed”. A local business man and landowner purchased the land for €710,000, bidding for the entire lot. Individuals including farmers and young couples also made bids at the auction.
In conclusion, the recent auction of Clare farm exceeded all expectations with a staggering sale price of €210k over the guide price. This is a clear signal of the strength of demand for agricultural land in Ireland and highlights the ongoing resilience of the sector, despite the challenges of the current economic climate. For farmers and landowners alike, this provides a hopeful outlook for the future and demonstrates the potential for strong returns on investment. It will be interesting to see how this upward trend in rural land pricing continues to impact the market going forward.
