Land Prices - RICS

Published 8 May 19

Pasture

  • The average price for pasture land in England and Wales stood at £16,702 / hectare in H2-2018, an increase of £647 (4.0%) from H1-2018. A percentage increase of 5.0% was recorded between periods H2-2017 and H2-2018.
  • The lowest price for pasture land in H2-2018 was £13,178 / hectare, which was recorded in the Eastern region. This was a 1.6% price increase against the price of land in H1-2018 and an 18.5% increase from H2-2017.
  • The highest price for pasture land in H2-2018 was £19,768 / hectare, which was recorded in the North West. This is an increase of 14.3% from H2-2017 and a 25.5% increase compared with H1-2018.
  • Over the period H1-2018 to H2-2018, the Yorks Humber region was £13,591 / hectare and saw the largest price decrease of £1,236 / hectare (8.3%). There was no change between H2-2017 and H2-2018. The largest price increase was seen in the North West with a £4,015 (25.5%) rise between H1-2018 and H2-2018.
  • Over the period H2-2017 to H2-2018, Wales pasture land increased £2,471 (16.7%). Compared with H1-2018 it increased £3,089 (21.7%) to £17,297.

Arable

  • The average price for Arable land In England and Wales stood at £21,045 / hectare in H2-2018, a decrease of £172 (0.8%) from H1-2018. A percentage increase of 1.0% was recorded between periods H2-2017 and H2-2018.
  • The lowest price for arable land in H2-2018 was £19,151 / hectare, which was recorded in the East Midlands. This was a 7.5% price decrease on the price of land in H2-2017. A price decrease of 6.6% has been recorded between H1-2018 and H2-2018 for the region.
  • The highest price for arable land in H2-2018 was £22,857 / hectare, which was recorded in Wales, an increase of £4,942 (27.6%) on H1-2018 and an increase of £5,530 (31.9%) on H2-2017.
  • Over the period H2-2017 to H2-2018, three of the nine regions saw price increases, the highest of which was Wales with an increase of £5,530 / hectare (31.9%) for arable land, taking it to £22,857 / hectare. Over the same period the largest decrease in price was seen in the North West region where prices fell £3,089 / hectare (13.2%).
  • The average price for arable land in Wales for H2-2018 stood at £22,857 / hectare, which was an increase of £5,530 / hectare (31.9%) in comparison to H2-2017. Between H1-2018 and H2-2018 the price rose £4,942 / hectare (27.6%).

 

Land Prices for Dairy Farms (pasture land) in England and Wales

 

£/ac

£/ha

H2-2018

6,759

16,702

 

Source: RICS

Please note, no data is available for Scotland pasture and arable land prices for H2-2018

Note= All figures are median only. Data is based on surveyor opinions of bare farmland prices. England and Wales figures are the weighted average of all regions.

 

060_land _prices _graph

Note: Annual prices are averages of H1 and H2. 

 

Related Links & Publications