UK Farmland Values Grow Despite Increased Supply – Savills

The latest figures revealed by Savill's suggest that the supply of farmland in the East of England increased by 42% in 2011. This compares to 11% across the UK as a whole.

However, such significant growth did not lead to a fall in farmland prices, say Savill's experts. The prices rose to 6,850 pounds per acre - a 10% increase - when it comes to Grade 3 arable land.

The biggest increase, according to Savill's Farmland Index, was seen in Cambridgeshire, where the area marketed land rose from 2,500 acres to 7,570 acres.

In the eastern region, the prices of arable land rose by 12.5% to almost 7,500 pounds per acre, while the land of the poorest quality was marketed at 5,100 per acre.

The detailed farmland market research is available on the official website of the UK-based estate agency Savill's.

“This rise in values was not exclusive to the UK; values around the world have continued to grow”, which is reflected in Savill's International Farmland Markets Bulletin.