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Please note that as part of the recent CLA restructuring the counties of the East Midlands region have been divided between the new CLA East region and the new Midlands region. Consequently, existing news releases from the East Midlands are now only available on this website as archived articles. Members based in Lincolnshire, Northamptonshire and Nottinghamshire are now part of CLA East and should go to CLA East News for releases in their region. And members in Derbyshire, Leicestershire and Rutland are now part of the Midlands and should go to Midlands News for releases in their region. Farmland market still in winter slumber The farmland market has got off to a slow start this year compared to activity in 2009, with just 2,485 acres launched in the first six weeks of the year – half last year's amount.
According to a national survey by CLA members, Smiths Gore, average bare land values have increased 1% so far this year to £4,800 per acre, whilst equipped values have increased 1% to £7,300 per acre.
Helen Woolley, CLA East Midlands chief, said: "The lack of farms for sale is chronic. Prices are being supported by the lack of supply and also by increasing demand from farmer, investor and amenity buyers.
"However, more land is expected to be marketed in the next few weeks as the spring market takes off and so far there is no significant effect, negative or positive, of the forthcoming general election on the market," she added.
Overall the area launched is comparable to 2007, but it is a stark contrast to 2008 when 16,202 acres were launched in the first half of quarter one.
In 2008 the market was more active due, in part, to pending changes to capital gains taxation encouraging transactions. |
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