RICS rural land market survey Great Britain [electronic resource] H1 2008
RICS rural land market survey Great Britain H1 2008 [electronic resource]
- London RICS 2008
- RICS Rural Land Market Survey Great Britain First Half 2008 .
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).
RICS RURAL LAND MARKET SURVEY GREAT BRITAIN
Great Britain--1707-
630 $2 18
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).
RICS RURAL LAND MARKET SURVEY GREAT BRITAIN
Great Britain--1707-
630 $2 18