Scottish farmland prices update
The best quality agricultural land held its value in 2016, but purchasers and vendors remain cautious.
1 minute to read
The average value of Scottish farmland weakened marginally during the second half of 2016, according to the latest results of the Knight Frank Scottish Farmland Index.
Across the board, prices fell by just over 3% to £4,223/acre. However, there were marked variations depending on land type. Good arable land was the strongest performer with values remaining constant at almost £9,050/acre. Limited availability and continued demand from commercial farmers is helping to put a bottom in the market for blocks of productive soil.
Lower quality arable/grassland, however, declined in value by 7% to £3,659/acre, while permanent pasture dropped 5% to £2,582/acre. This reflects a slightly more uncertain outlook for the dairy and livestock sectors.
For more data and analysis please read our full report here.
If you are thinking of buying or selling land in Scotland please contact tom.stewart-morre@knightfrank.com