The land market throughout 2020 was subject to a number of unusual external factors, the main one being COVID 19, although BREXIT has also had an impact. This has consequently led to the supply of farmland across the United Kingdom reaching a record low. However, farmland values remained strong with good levels of demand, showing that confidence remains within the rural market in our area.
Instructed on almost 50% of publicly marketed farmland!
Robinson & Hall had a successful year in 2020 selling rural property and were instructed on almost 50% of the publicly marketed farmland in Bedfordshire and Buckinghamshire. Interest levels have been strong with sales up to 20% above the guide price achieved. Landowners looking to use rollover relief to avoid Capital Gains Tax has been a continuing theme for purchasers and, with major institutions looking to purchase land within the Oxford to Cambridge Arc, land prices have not dropped unlike other parts of the country. With the changes published in November 2020 on agricultural support through to 2024 it will be interesting to see how this affects the market, although agricultural profitability and land prices have not always been linked.
We purchase land for clients too
As well as offering property for sale, we often have clients looking to purchase land. Already in 2021, we are looking for a number of properties within the local area for private purchase ranging from 15 to 2,000 acres.
What you need to consider when selling your property
When looking to sell any property you have a range of options so it is important to speak to a local expert on what may best achieve your objectives. Some of our clients have been taking the opportunity to sell off small parcels of land through our property auctions at figures significantly in excess of agricultural values allowing projects or other changes to the business to be undertaken without taking on debt. Further details can be found here.
If you have rural property you are considering selling in 2021 and would like to discuss the multitude of options available to you, please contact one of our Rural Property team who would be happy to assist.Back to articles
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