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RICS rural land market survey Great Britain H2 2008 [electronic resource]

By: Language: English Series: RICS Rural Land Market Survey Great Britain ; Second Half 2008Publication details: London RICS 2009Subject(s): LOC classification:
  • 630 $2 18
Online resources: Summary: Rural land prices fell by 5% during H2 2008 (£12 336 per hectare for the weighted average price of arable and pasture land), a dramatic reversal after the 24% rise experienced during the first half of 2008. The relative share of purchases among farmers and non-farmers saw an increase of 3% among farmers and a fall of 1% among non-farmers. The RICS transactions based measure would seem to indicate a slight rise in values, although this does not tally with the opinion based section (indicating a delay between market sentiment and the release of statistics). Surveyors appear to share a broadly-based sentiment that farmland prices likely peaked in H1 2008.
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Item type Current library Call number Copy number Status Barcode
Book Virtual Online ONLINE PUBLICATION (Browse shelf(Opens below)) 1 Available 146682-1001

Rural land prices fell by 5% during H2 2008 (£12 336 per hectare for the weighted average price of arable and pasture land), a dramatic reversal after the 24% rise experienced during the first half of 2008. The relative share of purchases among farmers and non-farmers saw an increase of 3% among farmers and a fall of 1% among non-farmers. The RICS transactions based measure would seem to indicate a slight rise in values, although this does not tally with the opinion based section (indicating a delay between market sentiment and the release of statistics). Surveyors appear to share a broadly-based sentiment that farmland prices likely peaked in H1 2008.