More buyers have more money to spend

Three-quarters of all Savills‘ applicants have funds of between £2m and £10m to spend on farms and estates, said head of rural research Ian Bailey.

The firm saw a 56% increase in new buyers registering on its database during the first three quarters of 2010 compared with the same period last year. The proportion of buyers with such funds increased this year compared with the previous three, the ageny said.