Reports that interest rates staying down and profits back into farming there will be money in farmers' pockets to buy farmland next year, as long as grain and dairy prices hold up. The outlook for the coming year looks good for land values. Scottish arable acres are proving particularly hot, with bare arable land selling for £4 000 to £5 000 per acre on average. Good arable units have been attracting premiums of up to 80% over asking price, and top prices in 2008 may exceed £7 000 per acre. Also reports that a surge of interest in country houses from Scotland-based buyers has been notable in recent months and the profile of Scottish farmland buyers has changed in recent months with an easing of demand from heavyweight Irish buyers. Finally, the expansion of Glasgow and Perth have been the main drivers behind the growth in greenfield land values in Scotland during the past year with demand for family housing and site scarcity accounting for the rise in values. [Taken from summary]