According to the Royal Institute of Chartered Surveyors, the value of agricultural land has shown moderate growth in recent times, but is still far lower than the value of land for which permission to develop exists.*
Good quality land
can be worth more than £6,000 per acre but values can also be much lower for certain types of land which may be less suitable for agricultural use.
Companies offering rural plots for sale will generally
buy land at or near these prices (source: BBC) and then sell individual plots of 0.1 – 0.2 acres for prices of up to £30,000 each – that is £150,000 - £300,000 per acre, often more than 30 times what the land is worth in its current condition.
Ask yourself - "Why has the land I am about to buy suddenly increased in value by a factor of up to 3,000%?"
* Source: Royal Institution of Chartered Surveyors, CALP/RICS farmland price index 1994-2005, Current agricultural land prices, vacant possession: England and Wales, Land areas over 12 acres -
as reprinted in Farmland Market magazine, Number 65, Spring 2006