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 sustained demand means that average prices remain firm, said Matthew Sudlow, head of estates and farm agency.