Land Prices - RICS

Published 24 February 17

Pasture

  • The average price for pasture land In England and Wales stood at £17,651/hectare in H2-2016, a rise of £255 (1.5%) from H1-2016. A percentage decrease of 2.3% was recorded between periods H2-2015 and H2-2016.
  • The lowest price for pasture land in H1-2016 was £7,413/hectare, which was recorded in Scotland. This was a 20.0% price increase against the price of land in H2-2015 and a 50.0% increase from H1-2016.
  • The highest price for pasture land in H2-2016 was £22,239/hectare, which was recorded in the North West region. This is an increase of 12.5% from H1-2016 and an increase of 33.3% compared with H2-2015.
  • Over the period H2-2015 to H2-2016, the Eastern region saw the largest price decrease of £3,707 (20.0%) per hectare for pasture land. This was unchanged between H1-2016 and H2-2016. The largest price increase was seen in the North West region with a £5,560 (33.3%) rise between H2-2015 and H2-2016.
  • Over the period H1-2015 to H1-2016 Wales pasture land was down 7.1% to £16,062. Compared with H2-2015 it was up 8.3%

Arable

  • The average price for Arable land In England and Wales stood at £22,194/hectare in H2-2016, an increase of £176 (0.8%) from H1-2016. A percentage decrease of 3.5% was recorded between periods H2-2015 and H2-2016.
  • The lowest price for arable land in H2-2016 was £13,591/hectare, which was recorded in Scotland. This was a 15.8% price increase on the price of land in H2-2015. A price decrease of 6.4% has been recorded between H1-2016 and H2-2016 for the region.
  • The highest price for arable land in H2-2016 was £23,784/hectare, which was recorded in the South East region, after an increase of £309 (1.3%) on H1-2016 though this was a decrease of 8.3% (£2,162) on H2-2015.
  • Over the period H1-2016 to H2-2016, Wales and the West Midlands saw the largest price increases of £2,471(12.5% and 11.8% respectively) per hectare for arable land. Over the same period the largest decrease in price was seen in the Yorks Humber region where prices fell £2,162/hectare (9.1%).
  • The average price for arable land in Wales for H2-2016 stood at £22,239/hectare, which was a rise of £2,471/hectare (12.5%) in comparison to H1-2016.Between H2-2015 and H2-2016 the price increased £1,236/hectare (5.9%). 

 

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

 

£/ac

£/ha

H2-2016

7,143

17,651

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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