The team at CCM Property did not foresee such a busy year of transactions from quarter two to year end for 2020 as it was a year that has brought challenges to every facet of everyday life.
The CCM Mitchelstown office alone closed sales of over 625 acres of farm land to year end 2020. The range and reach of CCM Property is ever expanding with a major factor being the co-operative structure of the business. The fact that we are answerable to shareholders and the ethos of openness and transparency is most important.
The launch of the new property website along with software expenditure is set to continue this year. The benefit of technology is unquantifiable.
The land market has been very busy and the breakdown of buyers below paints a picture of which sectors of Irish farming are expanding.
The land breakdown of these figures does not factor a large number of properties which are still going through the conveyancing stages of the sale process. The last quarter of 2020 witnessed the prices being achieved jumping between 10% and 15% in excess of the guide price.
The prices achieved ranged from the blue chip land offerings of up to €19,600 per acre with the lower end being in the region of €8,000 per acre, the average sale price achieved in CCM Mitchelstown office was €11,500 per acre. We have sale agreed property from 4.5 acres to 120 acre residential land offerings this year. Together with our connection with Cork Marts, Ireland’s largest mart network, we can arrange whole farm, livestock and machinery sales. No job is too small as I am writing this article we have just arranged the sale of small square bales of hay as part of a complete farm clearance sale, which included livestock and machinery. CCM property can connect people, property and everything in between.
Keep a watchful eye on our website as the spring of 2021 is expected to start off on the same vein as 2020 finished.