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FARMS PROPERTY MARKET
Information on The Prime UK Country, Equestrian, Farm & Waterside Property Market Click here to register your property search criteria with us on a no obligation basis. On receipt we will review your requirements against our database of privately & confidential available prime property (which currently exceeds £1 billion by value). Buying a Prime UK Farm Property In the prime UK Farm & Country House property market (properties valued at £2m and above) there are, at any one time, somewhere around 1,000 individual properties being sold by over 2,000 estate (selling) agents. Unlike many international destinations, there is no multi-listing system in place nor one reliable database holding every available UK Country property for sale. Therefore property buyers need to contact most, if not all, estate agents in order to access all openly available properties. The estate agents are only working on one side of the transaction i.e. that of the seller and they are generally interested in getting the highest price possible for the properties that they have specific instructions to sell. A further problem for the Farm & Country Property buyer is that the most sought after properties are not on the internet, nor on the open market. These properties are usually discretely and confidentially offered for sale and most will sell privately to the best prepared & connected property buyers. Sands Home Search have access to over £1 Billion of confidentially available prime property throughout the UK which are most definitely not accessible via any public internet sites. There is such variety of prime property within the UK Farm & Country Property Market that it is often a near impossible task for the unrepresented buyer to determine a market value. The fact that it is very common for a prime Country property to realise a sale price in excess of the asking price, further complicates the issue. The estate agent is contracted to achieve the right price for the seller and they are under no obligation to advise whether a property is suitable or whether it represents a fair price from the buyer’s perspective, meaning the potential for making expensive mistakes is large. In reality the unrepresented buyer has very little chance of accessing all the most desirable property in that the most desirable is always the most sought after - it sells quickly and often well before ever reaching the open market. To access and secure the best property requires time, dedication, inside knowledge and an extensive network of contacts - this is how Sands Home Search can help. Please visit the Area Guides section of our website to access information information on counties and regions of the UK countryside including school information. Also visit our Top 100 Country Property Sales section to view the best UK Country property sold within the last couple of years. FARMLAND BOOM The farmland market has surprised most commentators by recovering from last year’s second-half malaise far quicker than expected. It now appears that the fall in values (-5.5% in the 12 months to the end of June 2009) was a temporary blip during a period of general economic turmoil, rather than a reflection of a fundamental weakening of the farmland market. Average values rose by just over 3% in the second quarter of 2009, with similar growth in the third quarter, taking prices to £4,970/acre according to the Knight Frank Farmland Index. Despite uncertain commodity markets, we believe prices could gain further to comfortably exceed £5,000/acre again by the end of the year as demand exceeds supply and interest rates remain low. The ongoing weakness of Sterling will also help UK farmers because it boosts the value of their subsidy cheques, which are initially calculated in Euros. Next year will be interesting with a number of factors coming into play. The upwards trend begun in 2009 will carry on during the first three months of 2010 as farmers compete for large blocks of productive land. By this time mortgage lending will have started to flow more freely and there could also be more residential buyers to support prices for smaller farms. The next quarter will be quieter as the farmland market always stagnates slightly in the run-up to a likely May General Election. Once the market has adjusted to a new government or got to grips with the implications of another instalment of the existing team, an increase in the amount of farmland for sale is likely as owners take advantage of rising prices. An increase in supply might herald some downwards pressure on prices, but we expect the market to remain resilient as the hike in availability coincides with a return of investors and overseas buyers to the market. At the moment much of the focus on farmland investment is abroad, but interest will start, in time, to swing back to more transparent markets like the UK. Further significant growth of about 15% likely in 2011 as the global economy starts to make a full blown recovery and commodity prices are predicted to recover from their short-term downturn. Agricultural commodity prices always move in cycles and lower prices invariably lead to a drop in production and a subsequent fall in global stocks. The picture becomes hazier in 2012 as the EU’s Common Agricultural Policy gets a major overhaul, but the most productive land will remain in demand and prices will carry on increasing and could possibly break the £10,000/acre barrier by 2015. Source: Knight Frank / Sands Home Search If
you require impartial advice on acquiring a prime property,
please contact PRIME PROPERTY SEARCH AGENTS, Sands Home Search
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