Long-term performance and results for calendar year 2005 -- Let land performance -- Market commentary -- Data series -- Returns by region and lease type -- Rental growth and yields -- Operating costs -- Index composition 2005 overview

Shows the performance of let farms weakened in 2005, but still outperformed residential property. However, annualised over the last three and five years, let land also gives a stronger return than commercial property. The index records the ungeared returns earned on a sample of tenanted farms owned by private individuals, a small number of pension funds and insurance companies, and the traditional land-owning institutions. Tables and graphs.