Land Prices Surge

1st June 2008

T. Wyn Jones

Land prices have surged over the last 12 months and the sale of land can provide the ideal opportunity to release cash for other investments while the market is high.

McCartneys sold many areas of land between £8000 and £12,000 per acre throughout the Welsh Borders, Shropshire, and Herefordshire & Worcestershire.
Sharp increases in commodity prices have encouraged farmers to expand production and enter the market as purchasers, with demand far outstripping supply, with lifestyle buyers still present on the market despite the credit crunch. The RICS Rural market survey 2007 resulted in a 27.9% increase (the fastest pace in the surveys history) with arable land rising from an average of £9,929 to £10,949 per acre. With the going so good maybe now is the time to release those assets you have thought of selling for years. For a Professional Appraisal of a Farm / Land Sale please contact your local McCartneys Office.