Farm Land Market Is Stable

A new report recently published by Savills, which is based on its research of UK farm land market over the 1st quarter of 2009,  has

revealed that farm land in Great Britain remains resilient if compared with other property assets. Of course, the farm land sector has not escaped from the recession completely, but the decline has been insignificant with falls of less than 0.9% to £4,575 per acre.
Moreover, the report states that the demand for farm land has increased greatly as individuals from Great Britain and foreign countries look for a place to safely haven their money.
However, the level of farm land put on sale has fallen significantly: in England alone the supply has decreased by 30% with 13,600 acre being sold in the 1st quarter of 2009, compared to 20,000 acres last year.
Savills Winchester representative says that in the short term farm land market is expected to be seller’s market however land owners need to do a little preparation before putting the land on sale.
First of all, he suggests doing a little repair work so that all fences look good and yards look tidy. Second, he offer to call the solicitor and accountant who will be able to speed up the sale process by drawing up a draft contract and by pulling all the papers the buyer will be interested in. Third, Charles Seligman suggests voluntarily registering the land in order to acquire a clean registered title. Finally, it is highly recommended to call the agent, who will advise on best asking prices and other valuable information.