Farmland values expected to spiral in next five years
The forecast increase in the value of farmland over the next five years is expected to outclass gold, oil, 10-year government bonds and homes in some of London’s posh suburbs, a land agent said yesterday.
Savills anticipates a whopping 37% rise by 2017 in the price of agricultural land as investors plough their cash into it to capitalise on growing global food demand and the tax incentives that ownership gives. Head of research Ian Bailey said: “UK farmland will be the top performing real estate in Europe and potentially the world. Supply is tight and demand is especially strong for arable crops like wheat and rape.”
For the full story, pick up a copy of today’s Press and Journal or read our digital edition now