In contrast to house prices the farmland market showed average price increases of 24 percent in the first half of 2008, with the average rising from £10,439 to £12,965. So perhaps it is time to leave the city behind and buy a country retreat that comes with plenty of surrounding land.
Julian Sayers for the RICS commented, “Ever rising commodity prices have pushed the price of farmland to record highs as farmers and investors compete for arable land. However, the days of the lifestyle buyer are on the wane. The credit crunch is putting an end to city expansion into the country as the precarious financial situation has made city slickers re-think their lifestyle priorities.”
