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Farmland market hots up as lifestyle and 'green' buyers bid for estates

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The farmland market in England is busier than at any point in the past four years with demand outstripping supply and with many farms and estates attracting multiple bids and selling above the guide price. Over 70 per cent of farms and estates that have sold in recent months have exchanged hands for more than their guide as farmers, private investors, lifestyle buyers and green investors compete for land.

Matthew Sudlow, head of estates and farm agency at land and property specialists Strutt & Parker, said: “It is not only the housing market that is busier than it has been for years, our agents involved with selling and buying farms and estates are also seeing strong demand. We are currently seeing multiple buyers for most of the farms we are selling, with some prime properties sparking bidding wars and selling for well in excess of their guide price. We have even seen some examples of gazumping, which is something we have not seen in the farmland market for the past five years."

Strutt & Parker’s farmland database, which details publicly marketed farmland in England over 100 acres in size, shows 30,400ha of farmland came to the open market in the second quarter, well up on the 5,800 acres marketed in the first three months of the year. The proportion of farms bought by lifestyle buyers and private investors rose to its highest level on record – accounting for 45 per cent of transactions in 2020.

Last Updated ( Tuesday, 20 July 2021 07:56 )