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    East Midlands Farmland Market

    Across the East Midlands during 2014 the volume of farmland publicly marketed fell by -19 per cent when compared with 2013. This fall is greater than the -9 per cent decrease in supply across Great Britain as a whole. Closer analysis shows that there was a minor fall of -1 per cent in the volume of land marketed in England, while there was a significant fall of -25 per cent in Scotland and -21 per cent in Wales.

    Our Farmland Value Survey shows that during 2014 the average value of prime arable land in the East Midlands rose by 8.6 per cent to £9,700 per acre. This increase was less than the 14 per cent (to average £9,900 per acre) growth recorded for Great Britain as a whole. In England the rise in value was 15 per cent while Wales saw a smaller increase of 3.6 per cent. Values remained static in Scotland. In the last 5 years the average value of prime arable land in Great Britain has grown by 78 per cent.

    Supply of Farmland – 2014

    • In the East Midlands 10,228 acres of farmland were publicly marketed compared with 12,659 acres in 2013, a decrease of -19 per cent
    • The East Midlands accounted for 11 per cent of all farmland marketed in England
    • In Lincolnshire there was a fall in supply (-40 per cent) where the volume of land marketed fell to 4,732
      acres compared with 7,878 acres during 2013. Supply also fell in Derbyshire (-26 per cent), Leicestershire
      (-43 per cent), and in Nottinghamshire (-11 per cent)
    • In contrast to the overall trend for the region the volume of land marketed in Northamptonshire (+227 per
      cent) rose steeply to 2,423 acres compared with 740 acres during 2013
    • Lincolnshire accounted for almost half (46 per cent) of the farmland marketed in the region
     
    Regional Farmland Market East Midlands

    Farmland Values – 2014

    • Our Farmland Value Survey shows that during 2014 the average value of prime arable land in the East Midlands increased by 8.6 per cent and is now typically £9,660 per acre
    • The average value of prime arable land in the East Midlands has grown by 93 per cent in the last five years
    • The average value for grade 3 arable land rose by 3.7 per cent to almost £8,150 per acre, while poor arable land values rose by 19 per cent to average £7,350 per acre
    • The average value of dairy land rose steeply by 36 per cent to £7,500 per acre
    • Growth in values was also recorded for grade 3 livestock land, which rose by 5.5 per cent to average £6,000 per acre, while the average value of poor quality pasture land increased by 4.2 per cent to £5,000 per acre
     
    East Midlands - Average Land Values
     

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    Andrew Pearce

    Andrew Pearce

    Director
    Rural

    Savills Lincoln

    +44 (0) 1522 508 933

    +44 (0) 1522 508 933

     

    Richard Gadd

    Richard Gadd

    Associate
    Rural

    Savills Nottingham

    +44 (0) 115 934 8000

    +44 (0) 115 934 8000

     

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