The number of acres to hit the farmland market in Great Britain so far this year marks the lowest first half supply since the foot-and-mouth crisis of 2001, according to a review by Savills.
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.
The average value of bare agricultural land in England and Wales rose by 0.7% in the second quarter of the year to £7,030, reducing the decline over the past 12 months to just 2%.
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.
Average rural land values remained broadly flat in England and Wales during the first quarter of 2019 but buyers remain cautious due to the delayed Brexit deal.
The average value of bare agricultural land in England fell by 3% to a five-year low of £6,970/acre in 2018.
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.
Sales figures do not tell the whole story of what happened in the Yorkshire and Humber farmland market last year.
The average value of bare agricultural land in England and Wales fell by 3% during 2018 to £6,970 per acre, the first time it has dropped below £7,000 since the end of 2013, the latest index shows.
A sale of pasture that fetched £15,000/acre hints at the level of demand and competition for East Midlands farmland in 2018.
The average price of farmland in Scotland was unchanged in 2018, remaining at £4,271 per acre, but the market has varied according to the type of land being sold, the latest sector index shows.
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.
Some big prices were paid in the West Midlands in 2018, with one sale of arable land fetching £15,000/acre.
On paper, north-east England enjoyed an increase in supply in 2018 compared with the previous 12 months.
Supply has jumped after a quiet couple of years but values remain strong across the region.
Demand is outstripping supply in the south-east of England despite an increase in the number of acres marketed.
Thin supply and few completed sales at the larger end of the market are the two discernible trends from the land market in north-west England in 2018 so far.
Welsh farmland supply increased by 25% to the end of September, but data also shows a softening of values across the board.
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.
The level of interest from local farmers and strategic investors in farmland is proving to be the key to unlocking the strongest prices at auction.
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