Topic: UKLI Land
According to Savills' recently-published Agricultural Land Market survey, the value of prime arable land in Scotland rose to an estimated average of £4250 per acre by the year-end, but Dudgeon reveals that he achieved £7000 an arable acre late in 2007.
It now emerges that Scottish farmland values outperformed the UK average in 2007, up by 29% at £2775 an acre at the latest count.
Scottish owner-farmers will have seen their land almost double in value in the past three years.
In comparison, UK farmland values were up by 28% in 2007 equivalent to £3450 per acre, although Savills points out that without the higher percentage of rough upland in the Scottish figure, farmland values north of the border would have been markedly greater.
Source: www.theherald.co.uk
Posted by landforsaleuk
at 3:17 AM EDT