Wednesday, September 28, 2011
** Farm land bubble popping? **
Farmland prices dip in UK amid 'overheating' fears
Farmland price have fallen in England at their steepest since the depths of the global financial crisis, and are set for further declines, amid fears amongst buyers – and banks – of market "overheating". The price of average farmland in England, which accounts for the vast majority of UK agricultural output, eased to £6,094 an acre in the July-to-September quarter, Knight Frank said. The decline, while of 1.0%, was the biggest since the first quarter of 2009, the nadir of the global recession, and depressed the annual rate of price growth to 4.8% - down from 17.0% a year before.
Posted by khards @ 03:12 PM (1260 views)
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Oki says:
If our ‘precious rural land’ is so precious, how come its so cheap?