Land prices Scotland | Real estate in Scotland

Land prices Scotland

August 12, 2016


Price of rural land in

Image caption Surveyors say the average cost of farmland features trebled within 10 years

The cost of farmland in Scotland hit an archive saturated in initial 1 / 2 of 2013, according to study by surveyors.

The Land marketplace research because of the Royal Institution of Chartered Surveyors (RICS) suggested land values had trebled in under 10 years.

It calculated the common price of land in Scotland was now £4, 438 per acre.

Surveyors reported the purchase price had been supported by demand from farmers and investors.

Their report predicted additional price increases were likely, because of the marketplace "far from finding its level".

'Staggering growth'

If product prices continue steadily to increase and hold demand large, we may really see further increasesSarah Speirs, RICS Scotland

Mark Mitchell, of Bell Ingram in Perth, stated: "The Scottish farmland market has actually remained powerful, regardless of the bad harvest of 2012 and belated spring of 2013.

"Quality facilities in great areas will still sell quickly and really, bare land continues to be probably the most desirable product."

The study in addition reported a slight rise in land being wear the marketplace.

RICS Scotland manager Sarah Speirs stated: "the development in farmland prices recently has-been nothing lacking staggering."

She included that in less than a decade the price of farmland had cultivated to such an extent that people, also farmers, were entering the market.

"And, if commodity costs still boost and hold need large, we may really see further increases, " she stated.

Source: www.bbc.co.uk

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