REGIONAL INSIGHT
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Will Matthews
Head of Farms & Estates Sales
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It’s unlikely the land market will soften in the short term. There’s such a shortage of stock; farmland is trading well and regularly achieving competitive bidding on the open market. The best blocks of commercial farmland are routinely achieving £12,000 per acre. In 2022, we sold several estates (generally 1,000 acres+) in excess of £30 million with a further 10 sales over £10 million. We’ve seen a new raft of buyers focused on environmental enhancement and ‘rewilding’. We anticipate demand will only increase as all types of development will be required to meet Biodiversity Net Gain targets. With such high levels of demand and the continued shortage of supply, farmland prices are likely to be sustained for now.
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“Farmland is trading well and regularly achieving competitive bidding on the open market. The best blocks of commercial farmland are routinely achieving £12,000 per acre”
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The average price of a farm and estate sold above £2.5m in the 12 months to October 2022
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Largest farms and estates deal by land area, 12 months to October 2022 (acres)
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Percentage of farmland deals that are lifestyle purchases
The average price of farmland was up 13% in September 2022 versus a year ago
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Farmland 10-year performance versus other assets (to September 2022)
Where do buyers come from? £2m+ exchanges year to October 2022
South East
London
South West
East Midlands
East of England
North West
Scotland
West Midlands
Yorkshire and the Humber
12 months to October 2022 vs five-year average (£2m+)
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RECENTLY SOLD IN FARMS & ESTATES
Here are some of our recent successes in the Farms & Estates market