Land Prices - RICS

Published 11 May 18

Pasture

  • The average price for pasture land in England and Wales stood at £15,903/hectare in H2-2017, a fall of £664 (4.0%) from H1-2017. A percentage decrease of 9.9% was recorded between periods H2-2016 and H2-2017.
  • The lowest price for pasture land in H2-2017 was £6,178/hectare, which was recorded in Scotland. This was a 28.6% price decrease against the price of land in H1-2017 and a 16.7% decrease from H2-2016
  • The highest price for pasture land in H2-2017 was £19,768/hectare, which was recorded in the West Midlands. This is an increase of 3.2% from H2-2016 and an increase of 6.7% compared with H1-2017.
  • Over the period H1-2017 to H2-2017, the Eastern region was £11,120/hectare and saw the largest price decrease of £3,707 (25.0%) per hectare for pasture land. This was also a fall of £3,707 (25.0%) between H2-2016 and H2-2017. The largest price increase was seen in the East Midlands with a £1,359 (8.5%) rise between H1-2017 and H2-2017.
  • Over the period H2-2016 to H2-2017 Wales pasture land decreased £1,236 (7.7%). Compared with H1-2017 it was unchanged at £14,826.

Arable

  • The average price for Arable land In England and Wales stood at £20,839/hectare in H2-2017, an increase of £138 (0.7%) from H1-2017. A percentage decrease of 6.1% was recorded between periods H2-2016 and H2-2017.
  • The lowest price for arable land in H2-2017 was £14,826/hectare, which was recorded in Scotland. This was a 9.1% price increase on the price of land in H2-2016. A price decrease of 14.3% has been recorded between H1-2017 and H2-2017 for the region.
  • The highest price for arable land in H2-2017 was £23,475/hectare, which was recorded in the North West, an increase of £1,236 (5.6%) on H1-2017 this was unchanged on H2-2016.
  • Over the period H2-2016 to H2-2017, Scotland saw the only price increase of £1,236/hectare (9.1%) for arable land, taking it to £14,826/hectare. Over the same period the largest decrease in price was seen in the Wales region where prices fell £4,912/hectare (22.1%).
  • The average price for arable land in Wales for H2-2017 stood at £17,327/hectare, which was a fall of £4,912/hectare (22.1%) in comparison to H2-2016. Between H1-2017 and H2-2017 the price fell £1,206/hectare (6.5%). 

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

 

£/ac

£/ha

H2-2017

6,436

15,903

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.

 

060_land _prices _graph

Note: Annual prices are averages of H1 and H2. 

 

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