Value of Britain's farmland and woodland "up 2.5 times in 10 years"

The total value of Britain's farmland and woodland has increased 149% over the past decade and is unlikely to be adversely affected by the Brexit process in the coming years, according to property services firm Savills.

Image: Adam Burt (CC BY-ND 2.0)
Image: Adam Burt (CC BY-ND 2.0)

Savills' 2017 Agricultural Land Market Survey included what it said was the first total valuation of Britain's 16 million hectares farmland and woodland, which it puts at £185.7 billion.

For comparison, Britain's housing stock is worth some £6.7 trillion, or 36 times as much.

During 2016, land values fell by just over 3% in Britain as a whole, with supply "considerably weaker" in the months leading up to the European Referendum in June, it found.

However the company said: "We expect average values to increase by a total of 5.5 per cent across GB over the next five years, although there will continue to be distinct local variations and the price gap between the best and poorest land is likely to widen."

Savills director Alex Lawson said he anticipated "a flight to quality" in the land market, adding: "We do not anticipate significant price rises or falls in the coming years."


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