Land in your area 2020: West Midlands
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Both the number of acres and the number of farms publicly marketed in the West Midlands in 2020 dropped 44% on the previous year, according to Strutt & Parker’s data.
However, agents say the growing trend of holdings being sold privately will mask the total amount of land and farms changing hands.
The average price has edged up year-on-year for both arable (12%) and pasture (4%), with increased demand helping support land values.
Frustrated buyers
The West Midlands has seen a very similar pattern to other parts of the country, with several significant off-market deals, while, generally, the market has been led by a lack of quality stock with limited farms and land available.