According to property firm Knight Frank, over the past ten years the value of UK farmland has more than tripled – increasing 210%. The average price of UK farmland increased 11% in 2013 to reach a record value of £6,882 (US$11,241). However, according to the firm, investors are increasingly willing to sign off-market deals if it will mean securing the right investment and that a number of deals where over £10,000 per acre was paid were not record in any sales indices. The firm found that land in East Anglia and the Welsh borders was most expensive receiving £11,000 per acre, land in the Cotswolds was close behind at £10,500 per acre, and land in south east England was fetching prices up to £10,000 per acre. Whereas experts believe that farmland prices in the U.S. have plateaued for 2014, Knight Frank forecasts that average farmland values in the UK will continue to increase through 2014 by approximately 6%.
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