Arable land and smaller farms have dominated a busy market in England in recent years, with values being more variable depending on the year and location.
Five fully-equipped farms and two blocks of bare land have been put on the open market as part of Staffordshire County Council’s plans to sell off part of its estate.
Farmland values in Britain have shown signs of growth for only the second time since March 2015 and buyers remain active in this property sector, the latest analysis shows.
The most important part of preparing land and property for sale is ensuring everything a potential buyer wants to know is legally documented and presented clearly, say agents.
Bare agricultural land or smaller blocks of pasture that offer flexibility are selling well in Scotland in the first half of 2019, while hill land with forestry planting potential underpins the market.
Land values have remained stable and demand is still outstripping supply, say agents.
A mix of land, property and woodland is set to go under the hammer in two upcoming summer auctions.
Average farmland prices have held steady in the second quarter of 2019, at just under £7,000 per acre, some 5% lower than five years ago but still 50% higher than in 2009, the latest index shows.
An additional 2,100ha of public land has been made available as part of the Scottish government’s programme to help new entrants into the farming industry.
Buccleuch Estates has put up for sale a further 10,100ha of farmland in the Scottish borders.
The sale is part of a wider programme of restructuring, with the business announcing the sale of almost 3,640ha in September 2018 to free up capital for other projects and to reduce the “footprint” of the estate.
A rise in the amount of farmland for sale in England is being forecast as more landowners look to sell up ahead of direct subsidy payments being phased out during the Brexit transition period.
More than 25% of Staffordshire County Council’s farms estate, comprising 688ha and 16 let farm holdings, is set to be sold off.
The 2019 farmland market has seen a busy start in some regions, but there is evidence of sellers playing a waiting game while political uncertainty remains.
Lifestyle buyers, investors and wealthy individuals have accounted for more than half of all farmland purchases for the first time ever, according to Strutt & Parker.
Supplies of farmland marketed in England has hit the highest level in 10 years after an exceptional amount came forward in the past three months.
One of the largest commercial arable holdings to come to market in Lincolnshire for 20 years is being sold off in several lots to a variety of buyers.
Demand for farmland fell in the first half of 2018 and the outlook is for a further fall in prices, according to the Royal Institute of Chartered Surveyors (Rics) Rural Land Market Survey.
Buccleuch Estates will sell 3,600ha of forestry and agricultural land on its Borders Estate in Dumfries and Galloway on the open market.
A 45-year-old Wiltshire farmer says his cancer diagnosis is the driving force behind the “extremely difficult decision” to sell the family’s arable farm.
Plenty of farmland in Scotland has hit the market after a slow first half of the year. Wet weather in the spring put paid to plans for several launches of farms that are now being advertised.
The summer farmland market has been invigorated with a flurry of launches across the UK.
The marketing of a number of large-scale units has caught the eye so far this year, but it is sub-100-acre whole farms that are dominating in July.
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