HHLE PROPERTY MATTERS SPRING 2021 - Flipbook - Page 9
Strike Now While
the Trade is Hot
With the lack of farmland and property coming to the market last year due
to the global pandemic, everyone expected a flurry of activity this Spring
to make up for the shortfall and lack of supply. We did see a late flurry of
agricultural property sales come to the market in the autumn of 2020 and
this was outstripped by high demand.
Farm and farmland values in the short term should remain strong, but
there may be some volatility in the market as the subsidy reform begins to
Many discussions will have taken place around the kitchen table and a
mixture of COVID 19, trade talks and rumors of a pay out from Basic Farm
Payment has limited the supply coming to the market.
Bringing property to the market now could take advantage of the market
and provide the opportunity to take advantage of the limited supply and
over demand as there may be some localised volatility in areas which will be
worst hit by subsidy reforms. Quality farms with strong amenity value are in
Other factors driving the demand is the low interest rates, competing land
uses with the added amenity/lifestyle attraction with residential houses prices
taking a big rise.
Medium terms effects during the next 5 years could see potential changes
in future taxation regimes and a supply increase could potentially drive prices
down so it may be the opportunity to take advantage of this strong trade now
as it may be too late once the horse has bolted.
Looking further afield I would expect to see some
moderate growth but only potentially back to figures we
have witnessed over the last 12 months.
Anyone wishing to have a private and confidential
discussion about the proposed method of sale and value
of a property please get in touch for a free consultation
and market appraisal.
Director & Chartered Surveyor
M: 07714 215627