Land Prices - RICS

Published 25 October 17

Pasture

  • The average price for pasture land In England and Wales stood at £16,567/hectare in H1-2017, a fall of £1,084 (6.1%) from H2-2016. A percentage decrease of 4.8% was recorded between periods H1-2016 and H1-2017.
  • The lowest price for pasture land in H1-2017 was £8,649/hectare, which was recorded in Scotland. This was a 16.7% price increase against the price of land in H2-2016 and a 75.0% increase from H1-2016.
  • The highest price for pasture land in H1-2017 was £19,151/hectare, which was recorded in the South East region. This is an increase of 10.7% from H1-2016 but a decrease of 3.1% compared with H2-2016.
  • Over the period H2-2016 to H1-2017, the North Western region saw the largest price decrease of £3,707 (16.7%) per hectare for pasture land. This was a fall of £1,236 (6.3%) between H2-2016 and H1-2017. The largest price increase was seen in the Scottish region with a £3,707 (75.0%) rise between H1-2016 and H1-2017.
  • Over the period H1-2016 to H1-2017 Wales pasture land was unchanged. Compared with H2-2016 it was down 7.7%

Arable

  • The average price for Arable land In England and Wales stood at £20,701/hectare in H1-2017, a decrease of £1,493 (6.7%) from H2-2016. A percentage decrease of 6.0% was recorded between periods H1-2016 and H1-2017.
  • The lowest price for arable land in H1-2017 was £17,297/hectare, which was recorded in Scotland. This was a 19.1% price increase on the price of land in H1-2016. A price increase of 27.3% has been recorded between H2-2016 and H1-2017 for the region.
  • The highest price for arable land in H1-2017 was £22,548/hectare, which was recorded in the South East region, after a decrease of £1,236 (5.2%) on H2-2016 this was a decrease of 3.9% (£2,780) on H1-2016.
  • Over the period H2-2016 to H1-2017, Scotland saw the only price increase of £3,707(27.3%) per hectare for arable land. Over the same period the largest decrease in price was seen in the Wales region where prices fell £3,707/hectare (16.7%).
  • The average price for arable land in Wales for H1-2017 stood at £18,533/hectare, which was a fall of £3,707/hectare (16.7%) in comparison to H-2016. Between H1-2016 and H7-2017 the price fell £1,236/hectare (6.3%). 

 

Land Prices for Dairy Farms (pasture land) in England and Wales

 

£/ac

£/ha

H1-2017

6,704

16,567

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

Note: Annual prices are averages of H1 and H2. 

 

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