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    Scotland

    Across Scotland during 2014 the volume of farmland publicly marketed fell by -25 per cent when compared with 2013. This fall is considerably 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 -21 per cent in Wales.

    Our Farmland Value Survey shows that during 2014 the average value of prime arable land in Scotland remained stable at £7,950 per acre. This increase was in contrast 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 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 Scotland 32,663 acres of farmland were publicly marketed, compared with 43,303 acres in 2013, a
      decrease of -25 per cent
    • Scotland accounted for 25 per cent of all the farmland marketed in Great Britain
    • In Tayside there was a significant fall in volume (-50 per cent) where 4,777 acres were marketed compared with 9,649 acres during 2013. Supply also decreased in the Borders (-54 per cent), Dumfries and Galloway (-36 per cent), Grampian (-42 per cent) and the Highlands (-4 per cent)
    • In contrast to the overall trend for the region the volume of land marketed rose in Strathclyde (+4 per cent) to 6,459 acres compared with 6,198 acres during 2013
    • The uncertainty caused by the referendum on Independence no doubt was a factor in the reducing supply
     
    Scotland - Publicly Marketed Farmland

    Farmland Values – 2014

    • Our Farmland Value Survey shows the average value of prime arable land in Scotland remained stable and is typically almost £7,950 per acre
    • The average value of prime arable land in Scotland has grown by 45 per cent in the last five years
    • The average value of grade 3 arable land remains at £5,790 per acre
    • The average value of dairy land is £4,000 per acre
    • The average value of grade 3 pasture land stays at £2,970 per acre, whilst poor quality pasture averages £1,570 per acre.
     
    Scotland - Average Land Values
     

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    Key contacts

    Charles Dudgeon FRICS

    Charles Dudgeon FRICS

    Director
    Rural Sales

    Savills Edinburgh

    +44 (0) 131 247 3702

    +44 (0) 131 247 3702

     

    Evelyn Channing

    Evelyn Channing

    Director
    Rural Sales

    Savills Edinburgh

    +44 (0) 131 247 3704

    +44 (0) 131 247 3704

     

    Luke French

    Luke French

    Associate Director
    Rural Sales

    Savills Edinburgh

    +44 (0) 131 247 3723

    +44 (0) 131 247 3723

     

    Ruaraidh Ogilvie

    Ruaraidh Ogilvie

    Director
    Residential

    Savills Brechin

    +44 (0) 1356 628 628

    +44 (0) 1356 628 628

     

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