According to Knight Frank, land values have increased by an average of 208pc over the past 10 years, compared with a return of 254pc for gold, which has been one of the hottest assets for investors over the same period. Driven forward by growing interest from foreign investors and pension funds, farmland values in England continued to rise in the second quarter, a survey by the estate agent has revealed.
Knight Frank said average values for English farmland rose by 3pc in the second quarter to £7,515 per acre but that fewer landowners were placing estates on the market than a year earlier.
“Potentially there could be more pension fund and institutional buyers in the market,” wrote Tom Raynham, head of Knight Frank’s agricultural investment team. “There are some good deals happening off market.” The agent said that the acreage which has been advertised this year for sale publicly has fallen 17pc but anticipates that values will increase by a further 6pc over the next 12 months. If buying farmland direct is not for you Enables IFA’s in Bishop’s Stortford can help you make the right investment choices for your wealth management.
Issued by: Enable Independent Financial Life Planners
25c North Street, Bishops Stortford, Herts CM23 2LD
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