Scottish farmland prices at record high, surveyors report

Farm land near Gattonside Surveyors say the average price of farmland has trebled within a decade

Related Stories

The price of farmland in Scotland hit a record high in the first half of 2013, according to research by surveyors.

The Land Market Survey by the Royal Institution of Chartered Surveyors (RICS) indicated land values had trebled in less than a decade.

It calculated the average price of land in Scotland was now £4,438 per acre.

Surveyors reported the price was being supported by demand from farmers and investors.

Their report predicted further price increases were likely, with the market "far from finding its level".

'Staggering growth'

Start Quote

If commodity prices continue to increase and keep demand high, we may well see further increases”

End Quote Sarah Speirs RICS Scotland

Mark Mitchell, of Bell Ingram in Perth, said: "The Scottish farmland market has remained strong, despite the poor harvest of 2012 and late spring of 2013.

"Quality farms in good locations will still sell quickly and well, bare land is still the most desirable commodity."

The survey also reported a slight increase in land being put on the market.

RICS Scotland director Sarah Speirs said: "The growth in farmland prices in recent times has been nothing short of staggering."

She added that in less than 10 years the cost of farmland had grown to such an extent that investors, as well as farmers, were entering the market.

"And, if commodity prices continue to increase and keep demand high, we may well see further increases," she said.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Scotland business stories


Features & Analysis

  • TricycleTreasure trove

    The lost property shop stuffed with diamonds, bikes... and a leg

  • Boris Nemtsov'I loved Nemtsov'

    A murder in an atmosphere of hatred and intolerance

  • Image of George from Tube CrushTube crush

    How London's male commuters set Chinese hearts racing

  • INDHUJA'Dorky tomboy'

    The Indian who attracted proposals through honesty

Elsewhere on the BBC

  • Audi R8Best in show

    BBC Autos takes a look at 10 of the most eye-catching new cars at the 2015 Geneva motor show


  • Kinetic sculpture violinClick Watch

    The "kinetic sculpture" that can replicate digital files and play them on a violin

Try our new site and tell us what you think. Learn more
Take me there

Copyright © 2015 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.