The continually increasing price of British agricultural land has made foreign investors and pension funds step back from buying land. 'Growers now pay double compared to three years ago' market bureau Savalis says.
The number of foreign investors decreased to three percent of the total number of buyers. That is a decrease of 26 percent compared to 2006, when Irish and Danish buyers took care of an investment gulf in Great Britain. Danish investors last year were good for ten percent of the total number of investors.
Because of the caution of investors the British land market has now become the terrain of the growers. They are responsible for sixty percent of all land transactions. Also growers feel strengthened by the high raw material prices. Market bureau Chesterton Humberts expect a further increase in price of 5 percent next year.
Because of the caution of investors the British land market has now become the terrain of the growers. They are responsible for sixty percent of all land transactions. Also growers feel strengthened by the high raw material prices. Market bureau Chesterton Humberts expect a further increase in price of 5 percent next year.
Source: Agrimoney