RICS rural land market survey Great Britain H1 2009 [electronic resource]
Language: English Series: RICS Rural Land Market Survey Great Britain ; First Half 2009Publication details: London RICS 2009Subject(s): LOC classification:- 630 $2 18
| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Book | Virtual Online | ONLINE PUBLICATION (Browse shelf(Opens below)) | 1 | Available | 148098-2001 |
Reports that demand for commercial farmland rebounded during H1 2009, while residential farmland demand continued to fall sharply. Arable land prices fell by 1% from £13 182 per hectare to £13 085 per hectare. Pasture land prices fell by 2% from £11 490 per hectare to £11 260 per hectare in H1 2009. The weighted average price of the two fell from £12 336 per hectare in H2 2008 to £12, 72 in H1 2009 (a 1% fall). The RICS transaction-based measure (which includes residential farmland) shows a larger fall in farmland prices. On this measure the weighted average price of farmland fell from £16 342 to £15 114 (a 7.5% fall).