Land Prices - RICS

Published 7 September 15

Pasture

  • The average price for pasture land In England and Wales stood at £18,306/hectare in H1-2015, an increase of £637 (3.6%) from H1-2014. A percentage increase of 2.1% was recorded between periods H2-2014 and H1-2015.
  • The lowest price for pasture land in H1-2015 was £8,031/hectare, which was recorded in Scotland. This was still an 8.3% price increase against the price of land in H1-2014. No price change has been recorded between H1-2014 and H2-2014 for the region.
  • The highest price for pasture land in H1-2015 was £21,004/hectare, which was recorded in the North West region. This was a 7.9% price increase against the price of land in H1-2014. A 3% Increase has been occurred between H2-2014 and H1-2015 for the region.
  • Over the period since H1-2014 to H1-2015, Wales saw the largest price decrease of £1,853 (9.4%) per hectare for pasture land. Although there was only a £927 (4.9%) decrease per hectare between H2-2014 and H1-2015 for the region.

Arable

  • The average price for Arable land In England and Wales stood at £23,354/hectare in H1-2015, an increase of £1,154 (5.2%) from H1-2014. A percentage increase of 2.9% was recorded between periods H2-2014 and H1-2015.
  • The lowest price for arable land in H1-2015 was £13,591/hectare, which was recorded in Scotland. This was still an 8.3% price decrease against the price of land in H1-2014. A price change of -4.3% has been recorded between H2-2014 and H1-2015 for the region.
  • The highest price for arable land in H1-2015 was £24,711/hectare, which was recorded in the Eastern region, the South East region and the West Midlands.
  • Over the period since H2-2014 to H1-2015, the North West saw the largest price increase of £3,089 (16.7%) per hectare for arable land.
  • The average price for arable land in Wales for H1-2015 stood at £22,239/hectare, which was a fall of £618 (2.7%) in comparison to H1-2014. There was no price movement between H2-2014 and H1-2014.

 

Land prices for dairy farms (pasture land) in England and Wales

 

£/ac

£/ha

H1- 2015

7,408

18,306

Source: RICS

Note= All figures are median only. Data is based on surveyor opinions of bare farmland prices. England and Wales figures are the weighted average of all regions.

 

Land Prices - RICS 

H1- 2015

7,408

18,306

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