
The following research is extracted from the Valuations Office Agency, JAN 2007. Data from land sales across the country have been studied to produce a forecast of future land values - what was found is an unprecedented 38% rise in the next 5 years. Land is becoming a very strong performer to invest in - view our land portfolio.
"Once again the forecast model has predicted that the rate of increase in the value of unequipped land will outstrip equipped land. The forecasts indicate this differential will be maintained with unequipped land showing a greater rate of increase in value over the next five years. As with all other forecasts, but even more so in this particular case, the figures should not be taken in isolation but considered together with all other market information that is taken into account in any decision making process.
The agricultural market is complex as it is driven by farming and non farming factors, with a significant current element of purchasers being driven by non-farming objectives, as well as the now frequent reports of overseas buyers. The present strength of the housing market is a key factor motivating most non-farming purchasers, and the influence of bonus payments in the financial services industry has been strong especially in the south.
The forecasts previously made for 2006, can be seen with the benefit of hindsight, to have understated the rise in the market that actually occurred, particularly for equipped land. This appears to be mainly due to the appearance of new factors such as overseas and financial services funded buyers, whose influence was not present in the past data used in the forecast construction".
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