Written answers
Wednesday, 5 July 2006
Department of An Taoiseach
Land Prices
12:00 pm
Denis Naughten (Longford-Roscommon, Fine Gael)
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Question 16: To ask the Taoiseach the increase in agricultural land prices since 1999; and if he will make a statement on the matter. [23614/06]
Tom Kitt (Dublin South, Fianna Fail)
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The average price of agricultural land in 1999 was €11,264 per hectare. The latest year for which figures are currently available is 2004, when the average price of agricultural land was €16,261 per hectare. This was an increase of €4,997 per hectare or 44.4% over the five year period. These figure exclude transactions involving small areas of land (i.e. under 2 hectares) and sales where the price was below €500 or above €35,000 per hectare.
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