Best Property Services Land Department has been keeping the wheels turning over during lockdown with four virtual land Auctions. 30 acres of land at Red Lion road, Loughgall attracted three bidders and reached a figure in excess of £50,000 pounds above the guide price and was acquired by a local landowner.
An exceptional Lakeview building site overlooking Camlough Lake also attracted three bidders, and whilst the scenic site currently remains unsold with a current offer of £150,000 pounds, there has been a number of interested parties enquire since the auction and it is likely that we will receive some higher offers as this type of site only comes along every 25 years or more.
Also in the Camlough area development land with planning consent for 6 Dwellings was pursued by two bidders to a figure in excess of £300k and a contract signed that day. The 4th virtual auction involved 30 acres in the Tullylish area of Gilford in Co.Down. This was available in two lots and sold to 2 separate buyers at a total figure in excess of £315,000 pounds. One of the lots fronted the Tullylish road and the larger lot of 21 acres was accessible via a laneway off that road.
From the volume of enquiries during lockdown, & demand for land remaining strong, the evidence would seem to indicate that land prices are not likely to be adversely affected by Covid-19.