Price of land,

[cider_eater]

up or down, land going to flop or rise?

 

[Smith31]

Up, safest place to invest. We could be looking at hyperinflation money will devalue sitting in bank accounts.

If my memory serves me right, many moons ago my history told our class a story about Germany after the war, where a lady took a basket full of money to buy bread, somebody emptied the money and stole the basket.

 

[cider_eater]

if the farmers out there working hard incomes down how can they pay high price?

 

[Smith31]

if the farmers out there working hard incomes down how can they pay high price?

Price of land, has had no relevance with the price of produce or income for some time.

 

[midlandslad]

Considering most land is bought by farmers the price of land will be dictated by the ££ it Or the wider farm can earn

 

[farmerm]

Considering most land is bought by farmers the price of land will be dictated by the ££ it Or the wider farm can earn

really

 

[Kidds]

most land is bought by farmers

Is it?
I've sold quite a few parcels of land lately, none were bought by farmers.

 

[icanshootwell]

Land could come back to 6k/a UK average, but if land came up for sale next door, i would have to pay 10-12 k/a. I,ve missed out a few times now because someone wants to pay more on the day.

 

[Tarw Coch]

Land could come back to 6k/a UK average, but if land came up for sale next door, i would have to pay 10-12 k/a. I,ve missed out a few times now because someone wants to pay more on the day.

There’s some land coming up for sale next door, permanent pasture, never had a lot done to it, rented out for a cut of hay then grazing, not had a lot of fert and no line as far as I’m aware.
I’d heard rumours it might be coming up for sale in the spring and a few weeks ago the owner called by as a courtesy call to let me know he was going to sell, was going to get it fenced out and wait for it to green upand it would be on the market.
I took the opportunity to offer him your valuation there and then with no need for him to pay someone to fence it and he turned me down flat.

After wanting the chance to buy this land and knowing it would come up one day for many years I’m now wandering why.
It’s not on the market yet but he’s planning on selling it by tender, I’ve yet to make up my mind how much less than my initial offer to tender if indeed I bother, he may have lost his best customer

 

[icanshootwell]

There’s some land coming up for sale next door, permanent pasture, never had a lot done to it, rented out for a cut of hay then grazing, not had a lot of fert and no line as far as I’m aware.
I’d heard rumours it might be coming up for sale in the spring and a few weeks ago the owner called by as a courtesy call to let me know he was going to sell, was going to get it fenced out and wait for it to green upand it would be on the market.
I took the opportunity to offer him your valuation there and then with no need for him to pay someone to fence it and he turned me down flat.

After wanting the chance to buy this land and knowing it would come up one day for many years I’m now wandering why.
It’s not on the market yet but he’s planning on selling it by tender, I’ve yet to make up my mind how much less than my initial offer to tender if indeed I bother, he may have lost his best customer

They do say the 1st offer can be the best, not sure the size plot you refer too, but generally bigger plots over the 100k mark tend to make the average but plots around the average Jo,s price bracket, then look out, skys the limit. Tender is a hard one, when the Agent dealing with it may not be totally trust worthy, and will look after certain clients, could tell a few stories about this!! I prefer auctions myself for that reason.

 

[jendan]

There’s some land coming up for sale next door, permanent pasture, never had a lot done to it, rented out for a cut of hay then grazing, not had a lot of fert and no line as far as I’m aware.
I’d heard rumours it might be coming up for sale in the spring and a few weeks ago the owner called by as a courtesy call to let me know he was going to sell, was going to get it fenced out and wait for it to green upand it would be on the market.
I took the opportunity to offer him your valuation there and then with no need for him to pay someone to fence it and he turned me down flat.

After wanting the chance to buy this land and knowing it would come up one day for many years I’m now wandering why.
It’s not on the market yet but he’s planning on selling it by tender, I’ve yet to make up my mind how much less than my initial offer to tender if indeed I bother, he may have lost his best customer

Which valuation? 6K or 10K. You wont get any neighbouring land anywhere for 6K. Sellers always know it is worth about 2K/acre more to a direct adjoining neighbour. If I was offered any I would expect to pay more.It makes your own holding much better.

 

[DeeGee]

There’s some land coming up for sale next door, permanent pasture, never had a lot done to it, rented out for a cut of hay then grazing, not had a lot of fert and no line as far as I’m aware.
I’d heard rumours it might be coming up for sale in the spring and a few weeks ago the owner called by as a courtesy call to let me know he was going to sell, was going to get it fenced out and wait for it to green upand it would be on the market.
I took the opportunity to offer him your valuation there and then with no need for him to pay someone to fence it and he turned me down flat.

After wanting the chance to buy this land and knowing it would come up one day for many years I’m now wandering why.
It’s not on the market yet but he’s planning on selling it by tender, I’ve yet to make up my mind how much less than my initial offer to tender if indeed I bother, he may have lost his best customer

Horrible way of buying land by tender! You just don’t know what to bid, and always risk losing it by just a few hundred quid that you would have gladly trumped in an auction.
Never been in the situation of buying or selling by tender, but I guess you just have to bid the very highest price you can possibly afford to pay and hope that it’s enough??

 

[icanshootwell]

Which valuation? 6K or 10K. You wont get any neighbouring land anywhere for 6K. Sellers always know it is worth about 2K/acre more to a direct adjoining neighbour. If I was offered any I would expect to pay more.It makes your own holding much better.

So on a 50a block of land, you would happily pay 100k more would you?

 

[jendan]

So on a 50a block of land, you would happily pay 100k more would you?

Yes,if its decent and what I want.And that it would increase the value of my holding overall by more than the purchase price.It can works both ways.I am thinking of selling a small block,20 acres,to another neighbour who wants it badly.He has a large estate and can make far more money out of it environmentally than I ever could.But he will be paying accordingly.

 

[jendan]

So on a 50a block of land, you would happily pay 100k more would you?

And another thing. If you have a decent farm already and are not thinking of moving,but happy where you are,you will probably only get one chance in your life to buy it. I would contact your neighbour again and go for it if i was you. Edit,post should be for Tawr Coch.

 

[Rossymons]

So on a 50a block of land, you would happily pay 100k more would you?

If he didn't his neighbour on the other side probably would.

 

[GeorgeK]

If we go into recession then taxes will likely have to rise, and there's a lot of people who don't have any savings and don't own anything so they can't be squeezed for much. 'Wealthy landowners' on the other hand are an easy target. If business rates relief was abolished it would make farming unviable. If inheritance tax relief was dropped it would make land far less attractive as an asset.
Either measure would decrease land values significantly. Both together could make land a liability!

 

[d williams]

Horrible way of buying land by tender! You just don’t know what to bid, and always risk losing it by just a few hundred quid that you would have gladly trumped in an auction.
Never been in the situation of buying or selling by tender, but I guess you just have to bid the very highest price you can possibly afford to pay and hope that it’s enough??

You bid what it’s worth to you and what you can afford
Otherwise leave it there!!!

 

[icanshootwell]

You bid what it’s worth to you and what you can afford
Otherwise leave it there!!!

What most do is pay over the odds, then spread it over a longer period to justify it. That way the next generation can inherit some debt.

 

[DeeGee]

You bid what it’s worth to you and what you can afford
Otherwise leave it there!!!

Yes I agree, but if it’s land that is next door and you’ve always wanted then you have to bid the very most you possibly can, rather than try and get it ‘on the cheap’ and forever rue letting it go. Just my opinion.