MATURE TIMBER plantation values increased for the first time in six years during 2004, according to the latest market report from forestry business Tilhill and land agent Savills.

“Higher timber prices, increased interest in property as an asset and general confidence in the woodland market have all contributed to the rise in values,” said Tilhill’s Simon Hart.

Overall, prices for plantations of all ages increased 14% to £1817/ha (£735/acre).

However, small woodlands – those less than 25ha (62 acres) – were in the most demand, said his colleague Tim Kirk.

“Vigorous competition has resulted in price rises and the level of enquiries generated by websites, radio and newspaper articles has become relentless.”

Across England and Wales small woods were worth an average £7400/ha (£2995/acre) last year, he added, with those in the south-east England making £10,300/ha (£4168/acre).