"Having just spoken to a private family office keen on investing in farmland, I am not surprised that average values are moving back up," said Andrew Shirley, Head of Rural Research at Knight Frank.
"We are seeing interest from a wide variety of investors, as well as farmers. It is interesting to note that over the past 60 years farmland has often performed well in times of economic crisis. During the reign of Queen Elizabeth prices have risen by almost 11,000%."
James Prewett, Head of Regional Farm Sales in Central and Western England, confirms that UK farmland is attracting buyers from increasingly further afield.
He said: "I am now starting to see genuine bids from private Chinese investors. They tend to already own property in London, so are starting to feel more confident about buying other assets here. Part of the attraction is lifestyle, but investment seems to be the main driver."
Tom Raynham, Head of Farm Sales in Knight Frank’s London office, said private investors who were previously just looking now seem to have made up their minds to get on with things. He said: "With no clear end in sight to the problems affecting a number of the EU’s economies there is a strong desire to get money into something solid."
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