HISTORICALLY LOW LAND VOLUMES CONTRIBUTE TO FURTHER POLARISATION OF PRICES
The market data for the first half of 2020 throws up some interesting trends and also poses some interesting questions.
As we started the year, the consensus was that it was going to be one of the busiest for some time, with the market sentiment being one of optimism following an end to some of the political uncertainty that had been slowing the market. Few imagined then that just a few weeks later the market would end up effectively ‘paused’ once coronavirus lockdown measures came into effect.
However, since the easing of lockdown restrictions, the market has bounced back remarkably quickly. Thirty-one farms were publicly marketed in England during June, compared with just four in April. Our agents report that the reception new launches are getting is positive, suggesting the good demand we saw at the start of the year has not diminished. We are also taking calls from new buyers, many of them investors, as farmland is seen as a safe, tangible asset.
Read our full market report for further analysis on:
- Market outlook
- Average, lowest and highest sale prices
- Supply and demand levels