Topic: UK Land News
As house prices in uk touching a sky limit. Now its time for farm land in uk. The farm land values in case of Wales increases by 16% in 2007 and could see a similar rise this year, according to a real estate agency.
Savills says land in Wales now costs an average of £2,903 an acre, and the agency is predicting a further rise of another 15% in 2008 to £3,388.
Stephen Thompstone, who handles farm sales for Savills in Wales, said the rise could lead to an increase in the amount of land becoming available.
“There hasn’t been a great deal of farm land coming onto the market recently, but we may see that change due to the fact that the rising land values may encourage more people to sell,” said Mr Thompstone.
Source: http://icwales.icnetwork.co.uk/