RICS rural land market survey Great Britain first quarter 2005
RICS rural land market survey Great Britain first quarter 2005
- London RICS 2005
- 12p. 30cm.
- RICS Rural Land Market Survey Great Britain first quarter 2005 .
Shows farmland prices slipping back, influenced by rising interest rates and the housing market slowdown, but remaining substantially up on levels a year ago. Farmland prices fell by 2.9% in the first quarter but are up 14% over the past year and 30% over the past two years. First quarter sales activity was abnormally low because of the introduction of the new Single Farm Payment scheme but surveyors expect more land to become available later in 2005. Demand for residential farms continues to rise compared to a year ago albeit at a lesser pace with sales to non-farmer individuals slipping to 40% of purchases. Surveyors report demand conditions as healthy and confidence in the outlook for prices has improved slightly. Prices for arable and pasture farmland are firmly up on an annual basis across all regions.
RICS RURAL LAND MARKET SURVEY GREAT BRITAIN
SINGLE PAYMENT SCHEME
630.142
Shows farmland prices slipping back, influenced by rising interest rates and the housing market slowdown, but remaining substantially up on levels a year ago. Farmland prices fell by 2.9% in the first quarter but are up 14% over the past year and 30% over the past two years. First quarter sales activity was abnormally low because of the introduction of the new Single Farm Payment scheme but surveyors expect more land to become available later in 2005. Demand for residential farms continues to rise compared to a year ago albeit at a lesser pace with sales to non-farmer individuals slipping to 40% of purchases. Surveyors report demand conditions as healthy and confidence in the outlook for prices has improved slightly. Prices for arable and pasture farmland are firmly up on an annual basis across all regions.
RICS RURAL LAND MARKET SURVEY GREAT BRITAIN
SINGLE PAYMENT SCHEME
630.142