BRIEFING: Farmland value gains have outstripped prime central London residential by almost double over the past decade, according to the latest index from Knight Frank
Forget a residential boom, farmland has shown the most colossal increase in value over the past 10 years, according to Knight Frank’s Q1 2014 Farmland Index.
Its research shows that values increased on average by 212% during the period, outstripping a 133% increase in prime central London residential, 51% in the FTSE 100, and 27% for average UK house prices.
In the first three months of this year the average value of English farmland increased by almost 6.5%, breaking through the £7,000 per acre barrier for the first time to reach £7,324 per acre.
KF said that large blocks of investment grade land had helped to drive up values, with a number of private investors and funds actively looking for more land.
samantha.mcclary@estatesgazette.com
