Farmland Prices in UK Skyrocket

Farmland prices in Great Britain rise to over £8,000 per acre for the first time, say Saffery Champness experts.

One of the leading UK agencies specialising in farmland sales, Saffery Champness, recently reported a significant increase in asking prices.

According to Mike Harrison of Saffery Champness, English farmland is now priced at over £8,000 per acre. He also said that the demand from investors from European Union and Ireland, which used to drive prices up, was replaced by the demand from local farmers and landowners. He said that this might be caused by the fact that many farming businesses are planning to expand and that more and more lifestyle purchasers are coming onto the market.

Mr. Harrison highlighted that investors still consider land as one of the safest forms of investment. He even said that "the term ‘safe as houses’ should perhaps be amended to ‘land is safer than houses’".

The full report by Saffery Champness is available on the company’s official website.