Land Prices - RICS

Published 11 February 15

Pasture

  • The average price for pasture land In England and Wales stood at £17,931/hectare in H2-2014, an increase of £740 (4%) from H2-2013. A percentage increase of 1% was recorded between periods H1-2014 and H2-2014.
  • The lowest price for pasture land in H2-2014 was £7,413/hectare, which was recorded in Scotland. This was still a 20% price increase against the price of land in H2-2013. No price change has been recorded between H1-2014 and H2-2014 for the region.
  • The highest price for pasture land in H2-2014 was £20,386/hectare, which was recorded in the North West region. This was a 4% price decrease against the price of land in H2-2013. A 5% increase has been recorded between H1-2014 and H2-2014 for the region.
  • Over the period since H2-2013 to H2-2014, the North East saw the largest price decrease of £2,472 (-17%) per hectare for pasture land.
  • The average price for pasture land in Wales for H2-2014 stood at £18,842/hectare, which was a rise of £1,544 (9%) in comparison to H2-2013. However, there was still a decrease of £927 (5%) between H1-2014 and H2-2014.

Arable

  • The average price for arable land In England and Wales stood at £22,706/hectare in H2-2014, an increase of £1,576 (7%) from H2-2013. A percentage increase of 2% was recorded between periods H1-2014 and H2-2014.
  • The lowest price for arable land in H2-2014 was £14,209/hectare, which was recorded in Scotland. This was still a 15% price increase against the price of land in H2-2013. A price change of -4% has been recorded between H1-2014 and H2-2014 for the region.
  • The highest price for arable land in H2-2014 was £24,711/hectare, which was recorded in the Eastern region. This was an 11% price increase against the price of land in H2-2013. No price change has been recorded between H1-2014 and H2-2014 for the region.
  • Over the period since H2-2013 to H2-2014, the North West saw the largest price decrease of £1,853 (-8%) per hectare for arable land.
  • The average price for arable land in Wales for H2-2014 stood at £22,857/hectare, which was a rise of £3,089 (16%) in comparison to H2-2013. There was no price movement  between H1-2014 and H2-2014.

Land prices for dairy farms (pasture land) in England and Wales

 

£/ac

£/ha

H2- 2014

7,256

17,931

Source: RICS

Note= All figures are median only. Data is based on surveyor opinions of bare farmland prices. England and Wales figures are the weighted average of all regions.

 

Land Prices - RICS 

Related Links & Publications