Static farmhouse prices reflect cautious approach by buyers

The farmhouse market has been largely static during the first quarter of this year, with only the southern region seeing a slight increase in prices, says Carter Jonas.

“The market is sporadic with only prime properties achieving good prices and selling relatively quickly. Purchasers remain extremely price sensitive and realistic in terms of price ceilings and this sentiment is forecast to continue for the remainder of the year,” said head of research Catherine Penman.

While the average price rose by less than 1%, there were regional and local changes that saw values in the southern region rise by 2.8% to almost £2.3m, due entirely to a shortage of farmhouses in the Winchester area of Hampshire.