Land Prices - RICS

Published 10 March 16

Pasture

  • The average price for pasture land In England and Wales stood at £17,915/hectare in H2-2015, a fall of £392 (2.1%) from H1-2015. A percentage decrease of 0.1% was recorded between periods H2-2014 and H2-2015.
  • The lowest price for pasture land in H2-2015 was £6,178/hectare, which was recorded in Scotland. This was a 16.7% price fall against the price of land in H2-2014 and a 23.1% fall from H1-2015.
  • The highest price for pasture land in H2-2015 was £19,768/hectare, which was recorded in both the South West and South East region. This is unchanged for the South East region against H1-2015 but an increase of 6.7% for the South West.
  • Over the period since H2-2014 to H2-2015, the North West saw the largest price decrease of £3,707 (18.2%) per hectare for pasture land. This was a decrease of £4,324 (20.6%) between H1-2015 and H2-2015.
  • Over the period H2-2014 to H2-2015 Wales pastureland was down 8.2% to £17,297. Compared with H1-2015 it was down 3.4%

Arable

  • The average price for Arable land In England and Wales stood at £22,849/hectare in H2-2015, a decrease of £504 (2.2%) from H1-2015. A small percentage increase of 0.6% was recorded between periods H2-2014 and H2-2015.
  • The lowest price for arable land in H2-2015 was £11,738/hectare, which was recorded in Scotland. This was still a 17.4% price decrease against the price of land in H2-2014. A price change of 13.6% has been recorded between H1-2015 and H2-2015 for the region.
  • The highest price for arable land in H2-2015 was £25,946/hectare, which was recorded in the South East region an increase of 5.0% on H1-2015.
  • Over the period since H1-2015 to H2-2015, Yorks and Humber saw the largest price increase of £2,471 (11.1%) per hectare for arable land. Over the same period the largest decrease in price was seen in the West Midlands where prices fell £2,471/hectare (10%).
  • The average price for arable land in Wales for H2-2015 stood at £21,004/hectare, which was a fall of £1,853/hectare (8.1%) in comparison to H2-2014.Between H1-2015 and H2-2015 the price fell £1,236/hectare (5.6%). 

 

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

 

£/ac

£/ha

H2-2015

7,250

17,915

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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