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    North of England

    Across the North of England during 2014 the volume of farmland publicly marketed fell by -35 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 North of England rose by 17.5 per cent to £10,000 per acre. This increase was slightly more 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. 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 North of England 14,786 acres of farmland were publicly marketed compared with 22,850 acres in
      2013, a decrease of -35 per cent
    • The North of England accounted for 16 per cent of all farmland marketed in England
    • The volume of land marketed fell in Northumberland (-73 per cent) to 1,824 acres compared with 6,793
      acres during 2013. A decrease in supply was also seen in Cumbria (-30 per cent), East Ridings of Yorkshire
      (-77 per cent) and North Yorkshire (-49 per cent)
    • In contrast to the overall trend for the region the volume of land marketed rose in Durham (+291 per cent) to
      3,192 acres compared with 817 acres during 2013. An increase in supply was also seen in Lancashire (+21
      per cent) and South Yorkshire (+35 per cent)
    • Durham (22 per cent) and North Yorkshire (21 per cent) accounted for almost half of the farmland marketed
      in the region
     
    North of England - Publicly Marketed Farmland

    Farmland Values – 2014

    • Our Farmland Value Survey shows the average value of prime arable land in the north of England increased by 17.5 per cent and is now typically just over £10,000 per acre
    • In the first half of the year growth was strongest at 11.7 per cent
    • The average value of prime arable land in the North of England has grown by 108 per cent in the last five
      years
    • Growth was also recorded for grade 3 arable land where the average value increased by 7.6 per cent to just over £7,000 per acre
    • In the dairy sector values increased by 10.7 per cent to average almost £7,400 per acre
    • The average value of grade 3 pasture rose by 10.4 per cent to just over £5,500 per acre, whilst the average value of poor pasture land increased by 13.9 per cent to almost £3,900 per acre
     
    North of England - 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

     

    Andrew Black

    Andrew Black

    Director
    Rural

    Savills York

    +44 (0) 1904 617 831

    +44 (0) 1904 617 831

     

    Tom Whitehead

    Tom Whitehead

    Associate Director
    Rural

    Savills York

    +44 (0) 1904 617 833

    +44 (0) 1904 617 833

     

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