Farmland market holds firm after 'extraordinary' 2020
Farmland market holds firm after 'extraordinary' 2020 14 January 2021 | Strutt & Parker says low supply and sustained demand means average prices remain firm Farmland values rose by an average of 3% in 2020 with record low supply and relatively robust demand helping to underpin values, according to new analysis. Strutt & Parker's Farmland Database shows that the average price of arable land was £9,300/acre and £7,200/acre for pasture. About half of arable land sold in 2020 made £8,000-10,000/acre, with about 30% selling for £10,000/acre or more. “A combination of low supply and sustain...
Source: farminguk.com