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Farming alternatives lift prices

Series: Estates Gazette ; (0108) 24 February 2001, 55(1)Publication details: 2001Subject(s): Summary: Rural land prices are expected to retain their current levels for the next three years according to a specialist forecasting model set up for "Farmland Market". Whilst farming incomes have fallen dramatically that the demand for land due to diversification and for other uses will prevent a collapse in land values. Figures from the RICS Rural Survey, however, show that the majority of chartered surveyors expect the price of land to fall, except in the residential sector.

Rural land prices are expected to retain their current levels for the next three years according to a specialist forecasting model set up for "Farmland Market". Whilst farming incomes have fallen dramatically that the demand for land due to diversification and for other uses will prevent a collapse in land values. Figures from the RICS Rural Survey, however, show that the majority of chartered surveyors expect the price of land to fall, except in the residential sector.