Why invest now?

Land prices in Ireland, from 2007-2015, have seen a 57% decrease in values, with the national average recorded for 2015 at €8,914 per acre. Prices ranged from €2,485 to €26,600, per acre.

The economic slump in Ireland means it is a buyers’ market. Significantly, the major breeding operations, Darley, Derrinstown and Coolmore have continued to increase their land banks during the period of the downturn in property prices, since 2007. Historically, through times of recession the greatest return on investment has been seen in the larger land banks/stud farms.

In counties Dublin, Meath and Kildare (home of The Curragh) - values have fallen from €35,000 per acre to an average of €13,160 per acre.

In Tipperary (home of Coolmore Stud), Limerick, Cork and Kilkenny - values have fallen from €24,000 to €10,502 per acre.

The above counties are the premier counties in Ireland for thoroughbred breeding.

At the height of the market in Ireland, ready-made stud farms were selling for up to €80,000 per acre, whereas today, they are trading anywhere between €17,000 and €27,000 per acre. These figures are for fully completed stud farms, all located in suitable regions, and known for their association with, and suitability for, bloodstock.

Summary

01
Stable land prices

Never has there been a better time to invest in Ireland with land prices now stabilised, 57% down on prices at the peak of the economic boom, and now at affordable levels.

02
Government Support

The Irish Government is supportive of the sector and realises the importance of the industry to the Irish economy.

03
Tax System

There is a suitable tax structure, from acquisitions straight through to the running and management of a stud farm, with favourable employment laws. (for more information on the Irish tax structure, please contact The Irish Revenue Commissioners.


(For more information on the Irish tax structure, please contact the Irish Revenue Commissioners

(Source: Andrew Nolan, Goffs Country Estates for the Irish Thoroughbred Breeders’ Association Cost Survey, February 2013)


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