UK Farmland to Become the Most Valuable Asset
Savill’s Farms and Estates experts are determined that the growth of farmland prices in 2012 will make UK farmland the most attractive asset for investors.
They believe that the price growth will amount to 36% in the next 5 years, of which 5% will account for 2012 alone.
The forecast seems to be very realistic given the fact that UK farmland prices have increased by as much as 138% in the past 5 years.
Commenting on the future of the farmland in UK, Alex Lawson of Savill’s Farms and Estates, said: “against a backdrop of economic uncertainty the farmland market is likely to become more diverse in terms of performance, we expect the continuing tightened supply and low interest rates to maintain values for all but the worst quality land.”
Andrew Black, director at Savills York, said: “Driven by the healthy arable sector, local prices continue their upward trajectory, albeit at a slower rate. Record prices of over £10,000 per acre have been achieved.”
The company expects farmers, investors and regular people to be active buyers this year. Foreign investors will continue to demonstrate interest in UK farmland as well.
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