English farmland values – our latest research
The price of agricultural land slipped in 2016, but could stabilise this year.
1 minute to read
The average value of bare agricultural land in England and Wales fell by 2.6% in the final quarter of 2016, according to the Knight Frank Farmland Index.
Overall, prices dropped by 8.5% during the year to just under £7,500/acre. Although this was the largest annual decline since 1999, it needs to be viewed in the context of the immense change that is set to sweep across the UK’s farming industry.
Given that the decision to leave the EU will have the biggest impact on agriculture of any event since Britain joined the European Economic Community in 1973, the market remains remarkably robust.
The real test of the market will be when the UK actually leaves the EU and any transitional period for agricultural support comes to an end. Even then, however, we expect the market as whole to remain robust, although markets will become increasingly localised.
Read the full report here for more data and analysis.
If you are interested in selling or buying agricultural property please contact clive.hopkins@knightfrank.com