Residential farms demand unabated
DEMAND for residential farms located in popular areas continues despite the strength of the £ and its effect on farm profitability.
However, most of the farms fitting into this category on the market are in the north or north-west and offer good value for money according to Strutt & Parkers recently published Land Business.
It predicts: "Residential farms in fashionable locations will continue to be popular, well located commercial and residential farms in less popular areas will remain a reasonable option, but commercial farms in unpopular areas may be hard to sell."
How much will £2m buy?
Berks 397 acres Yorks 483 acres
Arable: £1.17m Arable: £1.53m
Misc: £30,000 Misc: £20,000
Strutt & Parker