Limerick land prices rose up to 8% since 2024 according to GVM Auctioneers report

LAND prices increased by 7-8% in 2025 on the back of a buoyant year for farming, according to Tom Crosse, property director at GVM Auctioneers.
GVM closed land sales to the value of €15m between their Limerick city and Kilmallock offices.
“In the early part of the year, in particular, there were a lot of transactions, a lot of good transactions with some high profile sales.
“We would have noticed an increase per acre, probably of around 7-8% on the previous year, driven mainly by very good milk prices. Milk was very, very strong throughout 2025, albeit falling off at the back end of the year.

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“The weather was very good and beef prices were off the charts. That all feeds into a buoyant land market, which we had throughout 2025,” said Mr Crosse, who along with GVM colleagues Richard Ryan and John O’Connell sold land via auction and private treaty.
One of the high profile sales Mr Crosse refers to is a 5.9 acre field in Ballybricken selling for a record price of €31,355 per acre under the hammer last March.
“I have been in the business for 40 years and it is a milestone for me in terms of the price per acre achieved,” said Mr Crosse at the time. He described the field as top quality land contained in one block with extensive road frontage.
He put the record price down to a number of very enthusiastic bidders, including farmers, and the fact it has road frontage and is located in a very good residential area.
Mr Crosse said what was very noticeable in 2025 were the number of business people purchasing land. He sold farms in Bruff, Ardnacrusha and Broadford in County Clare to business people.
“I’m noticing more and more business people targeting land as being a good investment. They're buying it and leasing it out or in some cases they're farming it themselves or hobby farming.
“Particularly in recent years, I'm hearing business people saying to me, ‘Tom, I'll invest in a bit of land’. It’s a safe asset class,” said Mr Crosse.
The auctioneer said when the financial crash came, house prices collapsed, commercial property collapsed and while land came back a bit, it didn’t collapse.
“They’re not making any more of it. It's mainly dairy farmers and business people buying - that's the model of buyer.
“Good land is making €15,000 an acre and we've seen instances of up to €20,000 and a bit with it for special pieces depending on where it is.
“Medium quality land is around €10,000 to €12,000 an acre. Forestry land is making up to €8,000 an acre,” said Mr Crosse.
Looking ahead, he expects the price of land to stabilise due in part to the sharp fall in milk prices.
“I think we're probably up there in terms of value and I would expect it to hold where it is at the minute. I don't see it falling back unless there's a major issue with Trump or a worldwide collapse in the markets. There will always be demand for land,” said Mr Crosse, who adds that due to the Nitrates Directive, dairy farmers are keen to expand their operations either through purchasing or leasing land.
Mr Crosse concludes by saying they have some nice holding coming to the market in the next few months with details to follow.