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    East of England

    Across the East of England during 2014 the volume of farmland publicly marketed increased by 44 per cent when compared with 2013. This is in contrast to 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 Eastern Counties rose by 14.4 per cent to just over £11,000 per acre. This increase was similar to 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. In Scotland values remained static. 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 of England 15,751 acres of farmland were publicly marketed compared with 10,958 acres in
      2013, an increase of 44 per cent. However supply in 2013 was particularly low and the 2014 supply is
      similar to 2009, 2010 and 2012 with a slight peak in 2011
    • The East of England accounted for 17 per cent of all farmland marketed in England
    • Significant rises in supply were seen in both Norfolk (+172 per cent) where the amount of land marketed
      was 4,509 acres compared with 1,657 acres in 2013 and Cambridgeshire (+95 per cent). Levels of supply
      also increased in Suffolk (+69 per cent)
    • In contrast to the overall trend for the region the volume of land marketed fell in Bedfordshire (-18 per cent), Essex (-46 per cent) and Hertfordshire (-33 per cent)
    • Norfolk (29 per cent) and Suffolk (27 per cent) accounted for over half of the farmland marketed in the region
     
    East of England Publicly Marketed Farmland

    Farmland Values – 2014

    • Our Farmland Value Survey shows the average value of prime arable land in the eastern counties increased by 14.4 per cent and is now typically just over £11,000 per acre
    • In the first half of the year growth was strongest at 13.4 per cent
    • The average value of prime arable land in the East of England has grown by 91 per cent in the last five years
    • The average value of grade 3 arable land increased by 6.8 per cent to almost £9,700 per acre. The average value of poor quality arable land values increased by 6.4 per cent to almost £6,330 per acre
    • In the livestock sector the average value of grade 3 pasture rose by 25 per cent to £5,000 per acre while average poor pasture values increased by 16.7 per cent to just over £2,500 per acre
     
    East of England Average Land Values
     

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    Key contacts

    Christopher Miles

    Christopher Miles

    Director
    Farm Agency

    Savills Norwich

    +44 (0) 1603 229 235

    +44 (0) 1603 229 235

     

    Gi D'Angibau

    Gi D

    Director
    Rural

    Savills Chelmsford

    +44 (0) 1245 293 258

    +44 (0) 1245 293 258

     

    Will Hargreaves

    Will Hargreaves

    Associate Director
    Rural

    Savills Ipswich

    +44 (0) 1473 234 822

    +44 (0) 1473 234 822

     

    Adrian Wilson

    Adrian Wilson

    Director
    Rural

    Savills Cambridge

    +44 (0) 1223 347 231

    +44 (0) 1223 347 231

     

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