Carter Jonas: Farmland Market Update
The start of the year has been a positive one for the UK’s land market, with enquiry levels increasing and supply coming to the market up on last year. With the Covid-19 vaccination programme in full swing, and lockdown restrictions on course to ease by the summer, we expect enquiry levels and viewings to progress as per a ‘new normal’ during the coming months.
Supply levels have been more positive this year, when compared to 2019 and 2020. Although they remain down on previous years, the increase this quarter is a positive sign for both vendors and purchasers.
View our latest report to read more about the changes in land values and key trends observed in your region and nationally.
Average arable and pasture prices remained unchanged during Q1 2021, given the lack of transactional evidence. The next few months will be a true test of the market in terms of pricing levels and activity.
Buyers continue to seek assets which include, or have the potential to include, alternative use components. Furthermore, non-farming purchasers looking for land from a Natural Capital or habitat creation aspect has gained traction and will continue to be monitored over the coming months
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