Archive: Further rise in land prices while land rents remain below peak levels

Published 3 October 14

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The latest land price data for England and Wales released by RICS shows a further rise in pasture and arable land values into the first half of 2014, while pasture land rents under the Agricultural Tenancies Act (ATA 1995) remain 5% below their peak in the first half of 2013. Pasture land values in Scotland also rose to their highest level although arable land remained 2% lower year-on-year.

The sharpest pasture land value increase was seen in Wales, increasing more than 20%, with similar increases in Yorks and Humber and the South West. With an 9% decline in North West values, the data suggests that Wales moved to having the highest average pasture values within Great Britain at £19,768/ha. In contrast, pasture land rents under the ATA 95 increased on the year only in the North West, while average rents in Wales and Yorks and Humber fell year-on-year. Pasture land rents in the South West and West Midlands both remained static on the year at peak levels for both regions. Arable land rents in all regions either rose or were level year-on-year.