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    West Midlands

    Across the West Midlands 2014 the volume of farmland publicly marketed increased by 13 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 West Midlands rose by 21 per cent to £9,400 per acre. This increase was 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 West Midlands 14,564 acres of farmland were publicly marketed compared with 12,936 acres in 2013, an increase of 13 per cent
    • The West Midlands accounted for 16 per cent of all farmland marketed in England
    • Shropshire recorded a steep rise (+84 per cent) where the volume of land marketed increased to 7,066
      acres from 3,843 acres in 2013. Supply also increased in Herefordshire (+70 per cent) and in Warwickshire (+15 per cent)
    • In contrast to the overall trend for the region the volume of land marketed fell in Staffordshire (–31 per cent), and in Worcestershire (-75 per cent)
    • Shropshire (49 per cent) accounted for half of the farmland marketed in the region
     
    West Midlands - Publicly Marketed Farmland

    Farmland Values – 2014

    • Our Farmland Value Survey shows that the average value of prime arable land in the West Midlands
      increased by 20.8 per cent and is now typically almost £9,400 per acre
    • In the first half of the year growth was strongest at 13.2 per cent
    • The average value of prime arable land in the West Midlands has grown by 52 per cent in the last five years
    • The average value of grade 3 arable land increased by 18.3 per cent to just over £7,850 per acre
    • The average value of prime dairy land increased slightly by 6.5 per cent to £7,460 per acre
    • The average value of grade 3 livestock land increased by 14 per cent to just over £6,700 per acre, whilst the average value of poor livestock increased by 16 per cent and is typically almost £5,300 per acre
     
    West Midlands - Average Land Values
     

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    Key contacts

    Richard Binning

    Richard Binning

    Director
    Rural

    Savills Oxford

    +44 (0)1865 269 168

    +44 (0)1865 269 168

     

    Tony Morris-Eyton

    Tony Morris-Eyton

    Head of Office
    Residential

    Savills Telford

    +44 (0) 1952 239 500

    +44 (0) 1952 239 500

     

    Douglas Mackellar

    Douglas Mackellar

    Director
    Estate Management

    Savills Cheltenham

    +44 (0) 1242 548 011

    +44 (0) 1242 548 011

     

    Philip Hoare

    Philip Hoare

    Associate Director
    Rural

    Savills Banbury

    +44 (0) 1295 228 055

    +44 (0) 1295 228 055

     

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