Rent Prices - RICS

Published 7 September 15

  • Rent levels across England and Wales (under ATA95) for pasture hasn’t seen much change between H1-2014 and H1-2015 with a £1 increase (0.5%). Although the average price declined by £7 (2.8%) between H2-2014 and H1-2015 to £257/hectare.
  • The highest rental level for pasture land (under ATA 95) in H1-2015 was seen in the North West with an average rental level of £346/hectare. This was a £25 (6.7%) drop when in comparison to H2-2014, and a £12 (3.4%) decrease when compared against H1-2014.
  •  The largest increase between H2-2014 and H1-2015 was seen in Yorks Humber up £30 (12.2%) to £272/hectare. Yorks Humber also saw an increase of £25 (10%) between periods H1-2014 and H1-2015.
  • Rent prices for pasture land (under ATA 95) decreased in the North West, South East, South West, and West Midlands, between H2-2014 and H1-2015. The largest fall between this period was seen in the West Midlands region, decreasing from £321/hectare to £259, a reduction of £62(19.2%). The largest fall in rental price between periods H1-2014 and H1-2015 was a drop of £61 (25.1%) which was seen in the South East region.
  • The average rental price for arable land in England and Wales (under ATA 95) experienced a £27 (7%) decrease between periods H2-2014 and H1-2015. There was a 9.5% decrease in rental prices when periods H1-2014 and H1-2015 are compared.
  • The largest percentage decrease of the half year for arable land (Under ATA 95) was seen in the Eastern region, came down by 17.1% (£74).
  • The lowest price paid for arable was seen in Wales which saw no change between H2-2014 and H1-2015 still at an average rental price of £321/hectare. Wales has also see now change when looking at the periods H1-2014 and H1-2015.

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


AHA 86

ATA 95











Note= All figures are median only. Data is based on surveyor opinions of bare farmland rents. England and Wales rent figures are the weighted average of all regions.

ATA = Agricultural Tenancies Act 1995; AHA = Agricultural Holdings Act 1986.

Note: There are two types of agricultural tenancy in operation, AHA 86 and ATA 95. Those agreed before 1 September 1995 are known as 1986 Act tenancies (AHA 86) and those agreed after 1 September 1995 are known as Farm Business Tenancies (ATA 95). These two types of tenancy operate quite differently. For example, AHA 86 tenancies carry succession rights whereas Farm Business Tenancies are typically short term. Therefore, there are typically differing levels of rent between the two types of tenancy within the same region, with ATA 95 tenancies usually being more expensive. Details can be found at this link:

Source: RICS

Rent Prices