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Land value Today

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Comments

  • #102
    Skittles_
    Registered Users Posts: 18 ✭Skittles_


    So telly lover, you take your self as an investor in land? In Ireland? You truly are mad! Smart money is apparently going to Ukraine Russia South america etc.. And the investor guy highlighted a few pages back didn't he say Ireland's future was in property a few years ago? Then again I personally know 3 guys that went to Ukraine and got burned out in both senses of the word. Personally a large arable unit in the Paris basin or a lincs fen next or near an AD plant would be my choice.


  • #103
    telly_lover
    Site Banned Posts: 105 ✭✭telly_lover


    Skittles_ wrote: »
    So telly lover, you take your self as an investor in land? In Ireland? You truly are mad! Smart money is apparently going to Ukraine Russia South america etc.. And the investor guy highlighted a few pages back didn't he say Ireland's future was in property a few years ago? Then again I personally know 3 guys that went to Ukraine and got burned out in both senses of the word. Personally a large arable unit in the Paris basin or a lincs fen next or near an AD plant would be my choice.

    i think land is a good investment going forward , im not some hedge fund manager scouring the plannet for thousands of acres , i would not buy in a place like ukraine even i had millions to spend for the simple reason i know nothing about there laws in general or property rights , i know people who bought property in dubai off plans several years ago and the contracts were not worth the paper they were printed on , who knows if they will ever get their money back let alone see thier appartment built

    time i finished up , this thread has taught me that land is dear in ireland due to the fact that banks have to lend to someone and they see land as being a better storer of wealth than other assetts , farmers wealth levels have little if anything to do with it

    thanks for all the opinons


  • #104
    johnpawl
    Closed Accounts Posts: 595 ✭✭✭johnpawl


    Skittles_ wrote: »
    So telly lover, you take your self as an investor in land? In Ireland? You truly are mad! Smart money is apparently going to Ukraine Russia South america etc.. And the investor guy highlighted a few pages back didn't he say Ireland's future was in property a few years ago? Then again I personally know 3 guys that went to Ukraine and got burned out in both senses of the word. Personally a large arable unit in the Paris basin or a lincs fen next or near an AD plant would be my choice.

    Any chance of a bit more info on the lads that went to Ukraine, curiousity's killing me


  • #105
    Grecco
    Closed Accounts Posts: 1,007 ✭✭✭Grecco


    How are farmers financing these land purchases?? I`d say they must have to stump up at least 30% of the purchase price and the banks lend the rest. Anyone get to borrow any money for land this year???


  • #106
    Juniorhurler
    Closed Accounts Posts: 1,363 ✭✭✭Juniorhurler


    Grecco wrote: »
    How are farmers financing these land purchases?? I`d say they must have to stump up at least 30% of the purchase price and the banks lend the rest. Anyone get to borrow any money for land this year???

    Last year. 30% deposit required and then a lot of begging and praying. Also had to pay the banks legal fees:mad:.


  • #107
    Tipp Man
    Closed Accounts Posts: 4,025 ✭✭✭Tipp Man


    Grecco wrote: »
    How are farmers financing these land purchases?? I`d say they must have to stump up at least 30% of the purchase price and the banks lend the rest. Anyone get to borrow any money for land this year???

    Yep had a large deposit - no problems - options from a few banks


  • #108
    Dont be daft
    Registered Users Posts: 442 ✭✭Dont be daft


    Have handled applications to banks with only 10% deposits available. All failed. Those with 30% deposits were only allowed go to a certain price per acre. All very profitable and capable farmers.

    Any land that was sold around me lately has made well above that price per acre. Only conclusion I can draw from that is that these farms are being bought with very little financing (boom time money/motorway money) or being financed through incomes outside farming.
    Two biggest farms were bought by investors and immediately leased on long term agreements.


  • #109
    Skittles_
    Registered Users Posts: 18 ✭Skittles_


    [Quote=johnpawl

    Any chance of a bit more info on the lads that went to Ukraine, curiousity's killing me[/Quote]
    PM


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