Cost of farmland in Wales 'sees biggest increase' in UK

Tractor is followed by gulls The price of farmland in Wales is currently four times what it cost when RICS' records began in 1994

Related Stories

The cost of farmland in Wales has increased more than anywhere else in the UK, new figures show.

The average price per acre is £8,625 - 7% higher than the national average, according to the Royal Institution of Chartered Surveyors' (RICS) Rural Land Survey.

It says growth in demand continues to outstrip that of supply and this is pushing up prices.

The price of land is four times what it cost when the records began in 1994.

RICS senior economist Joshua Miller said the expectation was that there would be further increases in farmland price over the next 12 months.

"Demand remains very strong on the commercial side, particularly from farmers keen to expand production on to neighbouring plots," he said.

More on This Story

Related Stories

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

More Wales stories

RSS

Features

BBC © 2014 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.