Land Prices - RICS

Published 26 August 16

Pasture

  • The average price for pasture land In England and Wales stood at £17,396/hectare in H1-2016, a fall of £662 (3.7%) from H2-2015. A percentage decrease of 5.0% was recorded between periods H1-2015 and H1-2016.
  • The lowest price for pasture land in H1-2016 was £4,942/hectare, which was recorded in Scotland. This was a 20.0% price fall against the price of land in H2-2015 and a 38.5% fall from H1-2015.
  • The highest price for pasture land in H1-2016 was £19,768/hectare, which was recorded in the North West region. This is an increase of 18.5% from H2-2015 but a decrease of 5.9% compared with H1-2015.
  • Over the period H1-2015 to H1-2016, the North Eastern region saw the largest price decrease of £3,707 (30.0%) per hectare for pasture land. This was a decrease of £2,471 (18.2%) between H2-2015 and H1-2016.
  • Over the period H1-2015 to H1-2016 Wales pasture land was down 17.2% to £14,826. Compared with H2-2015 it was down 14.3%

Arable

  • The average price for Arable land In England and Wales stood at £22,020/hectare in H1-2016, a decrease of £971 (4.2%) from H2-2015. A percentage decrease of 5.7% was recorded between periods H1-2015 and H1-2016.
  • The lowest price for arable land in H1-2016 was £14,715/hectare, which was recorded in Scotland. This was a 6.8% price increase on the price of land in H1-2015. A price increase of 23.7% has been recorded between H2-2015 and H1-2016 for the region.
  • The highest price for arable land in H1-2016 was £23,784/hectare, which was recorded in the Yorks and Humber region though this was a decrease of 3.8% on H2-2015.
  • Over the period H2-2015 to H1-2016, Scotland saw the largest price increase of £2,780 (23.7%) per hectare for arable land. Over the same period the largest decrease in price was seen in the South East where prices fell £2,471/hectare (9.5%).
  • The average price for arable land in Wales for H1-2016 stood at £19,768/hectare, which was a fall of £2,471/hectare (11.1%) in comparison to H1-2015.Between H2-2015 and H1-2016 the price fell £1,236/hectare (5.9%). 

 

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

 

£/ac

£/ha

H1-2016

7,040

17,396

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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