South East Estates & Farmland Market Review | Spring 2018
Over the last 12 months, Strutt & Parker have been active in the sale and purchase of estates and farmland in the south east region, both on and off the market.
2017 saw land prices proving stronger than anyone might have expected. Arable prices traded at an average of £8,112 per acre over the 12-month period, demonstrating a strong resilience to the challenges faced by the market on both a global and national scale. This average price however hides the fact that there was actually an enormous variance in prices achieved across the board.
Two key factors have influenced this variance, the first being location. Estates and farms that are in convenient and desirable locations sell well, whereas properties that are more remote and difficult to get to, present a challenge. London is a key factor in the South East, with much value being attributable to proximity to the capital. This has always helped drive the residential farm market, which remains in strong demand. Secondly, the quantity of land on the market at any one time has helped facilitate this price diversity.
As Spring gets underway, there appears to be less land coming to the market than in recent years. This lack of stock enabled some very good prices in 2017 and as such, now might be a good time to consider a sale with some strong lifestyle and rollover buyers currently active in the South East market.
Download the full report here.
