Land prices
- Thread starter Kernowkid
- Start date
- Location
- Lincolnshire
There's not a lot for sale in these parts.
glasshouse
Member
- Location
- lothians
Not yet
- Location
- Lincolnshire
Ha. I can think of two farms in the district that are for sale. And one that has sold. In maybe five years. That's on the open market. The only ones that take time to shift are those where the house is tight in the bloody middle, and being retained.
Tarw Coch
Member
- Location
- Bottom of Wats Dyke
How is land being sold elsewhere nowadays?
Years ago most seemed to go up for auction but I can’t think when I last heard of any for sale that way, must be in excess of 5 years.
Most seems to be sold privately which from my limited experience seems to be like a long drawn out auction, make offer to auctioneer, he comes back saying he’s got a better offer , I say I’ll think about it and make a better offer some time later and repeat.
Was told of some land next door for sale February 20 and finally got it bought and payed for following October.
Similar last year, spent most of the summer/autumn slowly increasing my bids before pulling out, looks like he was bouncing bids off the wall on that one but it’s harder to tell when you’re not in the room looking him in the eye.
Years ago most seemed to go up for auction but I can’t think when I last heard of any for sale that way, must be in excess of 5 years.
Most seems to be sold privately which from my limited experience seems to be like a long drawn out auction, make offer to auctioneer, he comes back saying he’s got a better offer , I say I’ll think about it and make a better offer some time later and repeat.
Was told of some land next door for sale February 20 and finally got it bought and payed for following October.
Similar last year, spent most of the summer/autumn slowly increasing my bids before pulling out, looks like he was bouncing bids off the wall on that one but it’s harder to tell when you’re not in the room looking him in the eye.
I've never understood the enthusiasm of people with "rollover money" to donate their windfalls to selling farmers. Land prices around me peaked in 2015-16 when roll over and inheritance tax money saw some bare land make 12-15k per acre. Today that land is worth 8-9k. They would have been better off paying the tax. If they had put the money in the stock market they would have made 150% return over the same period. And the rolled over gain hasn't gone away, its just deferred.
If I had 100% of my net worth tied up in farm land I would appreciate a bit of diversification but that doesn't appear to be how most farmers think.
Savills UK | Rural land values
www.savills.co.uk
Here is a good long term overview of land prices. Savills state that since 1900 English land prices have returned 6% nominal per annum, but only 1% CAGR post inflation.
1900 was a time of agricultural depression - £10 per acre land prices. If you went back to to the 1870s, land prices were more like 25-30 per acre.
Those returns are only half the story. Farmers or landowners have made money farming or letting the land and 1 in 20 acres has been developed over the past 120 years delivering windfalls to those lucky owners. But yes, there have been prolonged periods when land has been a terrible investment, notably 1870s to 1930s, but also the second halves of the 1970s, 80s and 90s when land yoyoed up and down commodity prices and interest rates.
- Location
- South Shropshire
I would be very interested to see a graph of inflation adjusted land price over the last century or two.
The trouble is the government has moved the goalposts by sidelining RPI, and nowadaye uses CPI.
The trouble is the government has moved the goalposts by sidelining RPI, and nowadaye uses CPI.
midlandslad
Member
- Location
- Midlands
Interesting that there is limited land and farms on the market when every farmer is complaining how tough it is! Will there be a surge in supply this year?
Come and farm next to me if you want.
Actually it won't be farming it will be planted with trees by some management company like Tilhill etc. for carbon.
The video makes it look idyllic however it is a harsh piece of land.Sort of land where you would eventually kill yourself with a tractor.
www.rightmove.co.uk
Actually it won't be farming it will be planted with trees by some management company like Tilhill etc. for carbon.
The video makes it look idyllic however it is a harsh piece of land.Sort of land where you would eventually kill yourself with a tractor.
Check out this Land for sale on Rightmove
Land for sale in Moel Y Plas, Llanarmon Yn Lal, Mold, CH7 for Sale by Tender. Marketed by Morris Marshall & Poole, Welshpool
Courier
Member
- Location
- M62 - M1 - M18 triangle
Owning an appreciating asset does give off a warm glow - however having money in your pocket over and above once the bills are paid should be more of a priority for some....
Old Drakey will be on the case!Come and farm next to me if you want.
Actually it won't be farming it will be planted with trees by some management company like Tilhill etc. for carbon.
The video makes it look idyllic however it is a harsh piece of land.Sort of land where you would eventually kill yourself with a tractor.
Check out this Land for sale on Rightmove
Land for sale in Moel Y Plas, Llanarmon Yn Lal, Mold, CH7 for Sale by Tender. Marketed by Morris Marshall & Poole, Welshpool
Land values rising rapidly to highest level since 2016 - Farmers Weekly
Agricultural land values in England have reached their highest level since 2016, according to Strutt & Parker research. The agent’s Farmland Database,
www.fwi.co.uk
toquark
Member
The Scottish Government have commissioned a review on land prices and in particular the nature of new green buyers now it’s been revealed that two thirds of buyers in 2021 were corporate, institutional or charities, squeezing smaller private buyers out and compromising their own targets for a more diverse land owning base.
I wonder if they’ll recognise their own role in the debacle whereby they shovelled £50m to an institutional forestry buyer and thus taking out another 25 or so family farms in the process?
Probably not.
I wonder if they’ll recognise their own role in the debacle whereby they shovelled £50m to an institutional forestry buyer and thus taking out another 25 or so family farms in the process?
Probably not.
midlandslad
Member
- Location
- Midlands
With interest rates increasing and forecast to increase further, the available of finance will reduce and the cost will increase in my opinion.
- Location
- Lincolnshire
There are also fewer land agents now. Since Christmas it's been pretty obvious that they have buyers on the books waiting for farms. Not fields. More like £3-10m budgets for commercial units. In which case the lack of "for sale" boards in Lincs this spring is not surprising.
- Location
- Essex
It's all a symptom of the declining viability of UK ag. I just wonder if that could be about to change.
Tarw Coch
Member
- Location
- Bottom of Wats Dyke
Short term blip maybe, long term wishful thinking
Which ever direction you travel , you soon pass fields with massive notice boards with Developers name and X amount of houses coming soon or building sites with more been built , there's a lot of money out there , a combination of businessman & farmers with rollover and not enough quality farm land , short term prices are 