Land values rise by 3% in the last quarter
Land values continued to rise last year and even managed to outpace double-digit inflation. Following a 3% increase in the last quarter, the average price of farmland outperformed other asset classes such as gold, equities and residential property in the past 12 months.
This strong growth was driven by a continued lack of supply and strong demand from a wide range of buyers, particularly from those looking for natural investment capital to become self-sufficient or for environmental purposes.