Land Prices - RICS

Published 19 October 18

Pasture

  • The average price for pasture land in England and Wales stood at £16,055/hectare in H1-2018, an increase of £152 (1.0%) from H2-2017. A percentage decrease of 3.1% was recorded between periods H1-2017 and H1-2018.
  • The lowest price for pasture land in H1-2018 was £7,413/hectare, which was recorded in Scotland. This was a 20.0% price increase against the price of land in H2-2017 but a 14.3% decrease from H1-2017.
  • The highest price for pasture land in H1-2018 was £19,768/hectare, which was recorded in the West Midlands. This is an increase of 6.7% from H1-2017 and static compared with H2-2017.
  • Over the period H2-2017 to H1-2018, the East Midlands region was £15,568/hectare and saw the largest price decrease of £1,853/hectare (10.6%). This was also a fall of £494 (3.1%) between H1-2017 and H1-2018. The largest price increase was seen in the Eastern region with a £1,853 (16.7%) rise between H2-2017 and H1-2018.
  • Over the period H1-2017 to H1-2018 Wales pasture land decreased £618 (4.2%). Compared with H2-2017 it also decreased £618 (-4.2%) to £14,209.

Arable

  • The average price for Arable land In England and Wales stood at £21,217/hectare in H1-2018, an increase of £378 (1.8%) from H2-2017. A percentage increase of 2.5% was recorded between periods H1-2017 and H1-2018.
  • The lowest price for arable land in H1-2018 was £17,752/hectare, which was recorded in Scotland. This was a 2.6% price increase on the price of land in H1-2017. A price increase of 19.7% has been recorded between H2-2017 and H1-2018 for the region.
  • The highest price for arable land in H1-2018 was £23,166/hectare, which was recorded in the North West, a decrease of £309 (1.3%) on H2-2017 and an increase of £927 (4.2%) H1-2017.
  • Over the period H1-2017 to H1-2018, seven of the ten regions saw price increases, the highest of which was Yorks Humber with an increase of £1,359/hectare (6.9%) for arable land, taking it to £21,128/hectare. Over the same period the only decrease in price was seen in the Wales region where prices fell £618/hectare (3.3%).
  • The average price for arable land in Wales for H1-2018 stood at £17,915/hectare, which was a fall of £618/hectare (3.3%) in comparison to H1-2017. Between H2-2017 and H1-2018 the price rose £588/hectare (3.4%).

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

 

£/ac

£/ha

H1-2018

6,497

16,055

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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