25 May, 2012
Farmland in the South West is amongst the most
likely to be sold off, according to a new study.
Research from estate agents Savills indicates that an average of
just 0.5 per cent of farmland in England changes hands each year,
but this figure is highest in the South West
Over the last five years, at least 0.6 per cent of farmland in
Devon and Dorset has been sold off. Savills.co.uk report that at
least 0.52 per cent has been sold in Somerset, although farmland
transactions in Cornwall are slightly below the national
average.
Meanwhile, farmland transactions in Lincolnshire and
Cambridgeshire create the highest average annual turnover. This is
despite activity being more prominent in the southern counties.
In an interview with farmersguardian.com, a Savills spokesman
explained why some of the regions with high levels of activity had
much lower turnover than others.
He said: "Many of these areas are the strongholds of the family
livestock farms where there is often a generational attachment to
the property. In addition, a tendency for a smaller average farm
size means a greater number of farms would need to be marketed to
give a similar turnover to that in the areas, where farms are
generally larger."
Source: Vertical Leap
