Farmland prices in east of England ‘dip slightly’ in first quarter of 2017
PUBLISHED: 15:40 09 June 2017
Farmland prices in the east of England have dipped slightly in 2017, according to land agents.
Carter Jonas said in the first quarter of 2017 average arable land values remained below £10,000 per acre in most areas, including the east where it was £9k for arable and £7k for grassland. The exceptions were central and southern England, which out-performed the rest of the country.
Rural associate for the east, Jack Cook, said: “Sales activity has been relatively quiet throughout the east, reflecting the seasonal nature of the sector, as well as the impact of economic and political uncertainties on the market. Significantly more property has come to the market in the last four weeks, reflecting the strong pipeline of stock expected to come through over the summer.”
Hotspots in the region were evident and the market was “exceptionally localised”, with rollover relief funds playing a significant role in the east, he said.