Monday, October 12, 2009
UK Farmland Prices Continue to Rise
Latest information on UK farm prices, revealed in the Farmland Index published by a British estate agency Knight Frank, shows a 3.2% increase in the values of UK farmland registered in the 3rd quarter of this year. This is the second quarter, when farmland prices have been rising, says Knight Frank. An average price for 1 acre now stands at Â£4973, which is merely Â£125 less than in the summer of 2008, when farmland prices were on the peak. Unfortunately, the farmland market is not that stable yet, as, according to Knight Frank, land prices differ greatly depending on the type of land. Also, Knight Frank highlights the fact that land prices are mainly boosted by scarce availability of farmland for sale.