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RICS rural land market survey Great Britain first quarter 2005

By: Language: English Series: RICS Rural Land Market Survey Great Britain ; first quarter 2005Publication details: London RICS 2005Description: 12p. 30cmSubject(s): LOC classification:
  • 630.142
Online resources: Summary: 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.
Holdings
Item type Current library Call number Copy number Status Barcode
Book London Property market reports PROPERTY MARKET REPORT (Browse shelf(Opens below)) 1 Available 30070858
Book Virtual Online ONLINE PUBLICATION (Browse shelf(Opens below)) 1 Available 129792-2001

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.