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RICS rural land market survey Great Britain H1 2008 [electronic resource]

By: Language: English Series: RICS Rural Land Market Survey Great Britain ; First Half 2008Publication details: London RICS 2008Subject(s): LOC classification:
  • 630 $2 18
Online resources: Summary: Rural land prices rose at the strongest pace in the survey's history during the first half of 2008, increasing by 24%. As predicted in the second half 2007 survey (H2 2007), lifestyle buyers have dropped significantly as a result of the credit crunch (from a net balance of 30% to a net balance of -25%). Increases in commodity prices have encouraged farmers to purchase land in competition with investors, resulting in a significant increase in the demand for arable land. The weighted average price of farm land rose to £12 965 per hectare, up from £10 439 in the first half 2007 survey (H1 2007).
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Item type Current library Call number Copy number Status Barcode
Book Virtual Online ONLINE PUBLICATION (Browse shelf(Opens below)) 1 Available 144542-2001

Rural land prices rose at the strongest pace in the survey's history during the first half of 2008, increasing by 24%. As predicted in the second half 2007 survey (H2 2007), lifestyle buyers have dropped significantly as a result of the credit crunch (from a net balance of 30% to a net balance of -25%). Increases in commodity prices have encouraged farmers to purchase land in competition with investors, resulting in a significant increase in the demand for arable land. The weighted average price of farm land rose to £12 965 per hectare, up from £10 439 in the first half 2007 survey (H1 2007).