English Farmland Market Review 4Q2012

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Market Intelligence Report

Review of the English farmland market October – December 2012 Values climb 5% in 2012 to end on record high levels whilst supply is at an historic low

Key points: • The average price climbed to £9,100 per acre in 4Q2012, up 5% in 2012; our model estimated 7% • Prices broke the £9,000 barrier for the first time in the year • Both bare and equipped land values are at historic high levels • Bare land values rose by 6% in the quarter to £7,000 per acre, up 17% in 2012 • Equipped land values remained at £9,700 per acre, up 3% since the start of the year • Just over 90,000 acres were marketed in 2012, a record low level • For 2013, our model estimates that values will rise 7%. However, this may be bullish and the rise could be lower. We expect bare land prices to increase faster than equipped land • We expect less than 100,000 acres for sale again as there are few forced sales and as landowners wait for details for the CAP reform

smithsgore.co.uk

All figures in this review are from our comprehensive database of all sales of publicly marketed farmland in England over 50 acres; they exclude sales where the residential value of the sale is greater than 50% of the total. Therefore all figures are transaction-based, not opinion - based, apart from the regional values which are from our farm agents.


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English Farmland Market Review 4Q2012 by Savills inc Smiths Gore - Issuu