Land prices changing trends in agricultural property
Over the past year, agriculture and farmland prices have bucked economic trends and the effects of the credit crunch on the property sector.
(Source: Farmers Guardian, 05 Sep 2008)
As land prices rose, landowners brought more land to the market - a trend that has continued throughout the summer.
Demand for land has been driven by a range of prospective land buyers, including the Danes and Irish, lifestyle buyers, investment funds and commercial farmers.
Farmland properties offering a house of exceptional quality and grounds with sporting potential, privacy and high amenity are scarce and a significant premium is still available.
At the opposite end of the market, pony paddocks and small parcels of land are still achieving good premiums of up to £15,000 per acre, depending on their location and suitability.
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