Will you find your dream farm this autumn?
National Property Specialists Strutt & Parker are preparing to launch farms and estates with a total acreage in excess of 9,500 and a combined price of over £40,000,000 onto the open market.
The portfolio extends from Aberdeenshire to Cornwall including The Fens and the hills of Northumberland. Properties vary in type and size and will appeal to all categories of buyer. Small residential estates in the home counties, equestrian units, sporting property and commercial farms are included. James Laing of the Firm’s Estates and Farm Agency Department in London says “We are confident that each farm will generate a considerable amount of interest as there continues to be a lot of pent-up demand from applicants searching for their ideal farm. We have successfully sold 20 farms of over 100-acres this year to date which has given us a very good knowledge of who the future buyers will be and where they come from.”
Laing adds “At the start of the year we were cautious about the market ahead as there was still uncertainty within the agricultural industry regarding the reforms of the Common Agricultural Policy (CAP) and the methods of payment under the new subsidy system. Thankfully long-awaited payments were received and farmers could make decisions about the future.
“More land has come to the market in 2006 than in any year since the foot and mouth outbreak in 2001 but, this increase however has not been anywhere near as great as anticipated and is still well shy of the levels of the late 1990s.
This reduced supply coupled with the strength of the economy has been met with an influx of buyers from outside agriculture with a desire to buy estates, farms and bare land for a wide range of reasons. This demand has outstripped supply and there are eager buyers who will chase this exciting range of new and varied properties. Land prices have continued to strengthen throughout the year and we see no sign of the buoyant market weakening.”
Strutt & Parker, 05.09.2006