Download your FREE Farmland Investment Guide here
Farmland in the UK is quite likely the best-performing asset for 2011 so far. As demand for quality, productive land continues to outweigh supply, the value of farmland has climbed reached a histioric high now standing at GBP 7,900 per acre.
This represents a 4% uplift from Q4 2010 and analysts claim it shows the current strength of the market when compared to other sectors, a report from Smiths Gore revealed.
"Prices are still rising due to strong demand, from both farmer and non-farmer buyers, and the continuing low supply of land for sale," said Giles Wordsworth, head of Farm Agency at Smiths Gore.
Download your FREE Farmland Investment Guide here
Just over 16,000 acres were marketed in January to March - the same as last year - the report revealed. This constricted supply is attracting interest from investors and is helping to push prices up.
Earlier this year a report from the Royal Institute of Chartered Surveyors found that on average there was an increase of six per cent in farmland values in the UK. Land was most expensive in the north-west at GBP 17,300 per hectare, while the cheapest land was in Scotland, priced at GBP 9,100.
Download your FREE Farmland Investment Guide here
Source: IPIN Global