Land values rise by 5% as farmland hits a 4 year high
The average value of farmland in England and Wales has hit levels not seen since the beginning of 2017. Prices for bare land rose almost 4% in the third quarter. This marks a third consecutive quarter of growth and takes annual growth to 5%.
Limited supply and strong demand are supporting values. Demand is increasingly being driven by investors or lifestyle purchasers who now account for over half of land buyers.