Land in your space 2021: South-east England

Gross sales within the South East began 2021 comparatively slowly whereas the UK was in lockdown. {The marketplace} turned extra lively through the summer time months and into the second half of the yr, say brokers.

The availability of land on the open market has remained tight within the area, with sturdy competitors reported for each premium and marginal land.

Prime arable land values elevated by 3.6% year-on-year in 2021 to £9,646/acre, in accordance with Savills’ knowledge. Common costs throughout all land sorts rose by 2.6% on the earlier yr.

See additionally: Land in your space 2021: East of England

Purchaser curiosity prevails

The 2021 farmland market within the South East, in keeping with a lot of the remainder of the nation, began slowly resulting from Covid-19 lockdowns and a late spring, however exercise elevated significantly within the second half of the yr.

The variety of farms marketed was truly again as much as 2019 ranges, after a lowered provide in 2020, though the acreage on provide was nonetheless low in contrast with 2017 and 2018 ranges.

Demand continues to be sturdy, with way of life consumers on the lookout for residential farms near London and farmers who’re eager to increase driving the market.

One other noticeable pattern is demand for properties the place there may be scope to implement an environmental or conservation challenge.

This stable demand, mixed with tight volumes, has meant values have barely risen, with arable land promoting for between £7,500/acre and £11,300/acre – reflecting a continued vary in costs.

Given the variety of potential sellers we have now been advising of late, we count on the subsequent six months to proceed to be busy, with exercise each on and off the market.

Liza Howden, affiliate director, Strutt & Parker

Continued demand for land

The previous 12 months highlighted a scarcity of inventory throughout all rural asset courses. Whereas the well-documented (and largely Covid-induced) surge for nation homes stays at a frenzied tempo, the need for land possession equally sees little let up.

There are, nevertheless, only a few alternatives at current and probably extra so within the South East than some other area.

Whereas the market continues to be spearheaded by farmers with rollover cash from improvement and increasing landowners, we’re seeing an ever-increasing variety of environmental, social, and governance-led and rewilding-minded consumers.

I imagine that land costs will stay sturdy by means of 2022 and probably even go up, significantly as we see woodland and marginal land taking part in extra important roles in consumers’ decision-making.

The environmental angle of land possession and the actual fact this nation just isn’t getting any larger will proceed to drive costs and demand.

Will Matthews, accomplice, Knight Frank

What bought nicely?

© Strutt & Parker

Suffield Farm, close to Guildford, Surrey was bought by Strutt & Parker for greater than its £5.5m information worth in a number of heaps to a mixture of native consumers.

The property was set throughout 120 acres and included a five-bedroom home, one cottage and equestrian services.

What bought nicely?

© Knight Frank

Knight Frank bought the 1,011-acre Roundtown Property, close to Basingstoke, Hampshire. The itemizing had important curiosity from a variety of purchaser profiles and bought nicely beneath competitors.

The property is made up of a mixture of arable land, pasture land and woodland and features a vary of recent farm buildings.

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