UK Land Prices Rise by 10% in August 2011
Written on 25 Aug, 2011 at 05:54 by Ulyana Chernyak
According to a report published by Smiths Gore, British estate agency, farmland values in Great Britain have increased by 2% and 10% in August 2011 compared to June 2011 and August 2010 respectively.
However, the number of local and foreign investors willing to put their money into this, considerable safe asset, did not fall. In fact, it grew.
Smiths Gore experts believe that there is enough land in the UK to meet the demand. At the moment, over 17,000 acres of land are marketed in England alone. Overall, more than 107,350 acres of British land (this includes England, Scotland and Wales) have been marketed in 2011. This is slightly less than last year, when 125,700 acres were marketed.
Many land owners are trying to sell their land now, as they are determined that prices are on their peak and will start to decline soon. However, Smiths Gore experts predict that farmland values will continue to increase in 2012 and 2013.
Investors from China, Indian and Hong Kong are the ones who demonstrate the most interest in UK farmland.
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