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Realistbear

Guardian: City Workers In A "buying Frenzy" For Farms

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http://money.guardian.co.uk/news_/story/0,,1840223,00.html

City bonuses fuel farmland boom

·

Values rising at fastest rate for 12 years, say surveyors
· Boost comes after farming incomes halved in decade
Ashley Seager
Wednesday August 9, 2006
The Guardian
City workers searching for a rural retreat and a
buying frenzy
by Irish farmers are pushing up the price of farmland in Britain at its fastest rate for at least 12 years, according to the Royal Institution of Chartered Surveyors.
The latest quarterly Rural Land Market Survey, released yesterday, also showed farm sales volumes at their highest for four years. Sales were spurred on by the resolution of the Single Farm Payment scheme, a key reform to the European Union's Common Agricultural policy, on January 1 last year.,,,/
"A lot of them like to buy the surrounding land to safeguard the view from the bay window," he said.

Has anyone seen what a "buying frenzy" looks like? If prices are rising the fastest in 12 years it must mean its time to buy again and follow the herd quick?

RICS must be feeling the draft after the BoE hiked and after a week of record repossessions. Let's see, BTL yields at a 5 year low, London house prices down 1% according to Haart, BOE hiking again soon, what can we do to cause another rush? How about farms? Yes, that will get people into a buying frenzy again. <_<

Edited by Realistbear

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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