Farmland price increases unlikely to be affected by emergency budget tax hikes
Andrew Shirley, head of rural land research at Knight Frank, commented:
"English farmland values continue to increase as demand outstrips supply. Average prices rose by 6.9% to £5,769/acre in the second quarter of the year, taking total growth for 2010 to 13%. Land is now worth almost 20% more than it was 12 months ago and we are predicting further growth of at least 10% over the next year.
“A shortage of farmland for sale, combined with demand from investors and overseas buyers, has helped to ensure values continue to rise. According to the Knight Frank Farmland index, demand over the past 12 months has increased by about 9%, while supply has fallen by a similar amount...
Published: 23/06/2010 - Knight Frank Website