Sunday 23rd of February 2020

A look at Great Britain’s Farmland Values

The value of equestrian property is often underpinned by the farmland market. For the first time, Savills research team has put a value on all of Great Britain’s farmland and woodland. 

Valuing Britain: total value and 10-year growth of GB farmland types.

Valuing Britain: total value and 10-year growth of GB farmland types.

Taking into account land grades and the use of the land, as well as including a discount to vacant possession value for tenanted farmland, the 39.8 million acres are currently worth £185.7 billion.

This interesting piece of research forms part of Savills Agricultural Land Market Survey, which provides analysis covering farmland values, who’s buying and selling, investment opportunities and an outlook for the next five years.

How has farmland performed in recent years?

During the past 10 years the overall value of GB farmland has increased by 149% and barring any  major economic or fiscal changes, we do not anticipate significant price rises or falls in the short to medium term. Savills is forecasting overall average growth of 5.5% for the next five years followed by sustained, steady growth in the longer term. Whilst equestrian properties often include residential assets such as a main house and staff accommodation as well as specialist facilities, the value of the land does underpin the overall value of the property so this increase in land values during the past decade must be positive news for equestrian property owners. 

Who is buying and selling land?

Whilst farmers still make up the greatest proportion of sellers at 46%, this figure was lower than in 2015; contributing factors include the recent softening in average farmland values, uncertainty surrounding Brexit and the short term prospect of an increase in subsidy as a result of the weak pound.

Farmers also make up the largest proportion of buyers in the land market at 46%, the number of new non-farming buyers, such as those driven by lifestyle including sporting and equestrian, who are buying land for the first time has increased from 16% to 20% of all buyers on the previous year.


Fields photo

While the weak pound has reduced the average value of farmland on paper by around 15% for the overseas buyer, this has not yet led to purchases in the numbers seen before the Global Financial Crisis of 20%. Many equestrian athletes and those connected to the industry choose to be based in the UK or at least have connections here, we anticipate that overseas buyers, especially those with dollar based currencies will become increasingly attracted to the value offered by equestrian properties and farmland in the UK.

To download a free copy of Savills Agricultural Land Market Survey, click here or to get a free market appraisal of your property, email Louise Harrison (

You may also like…

Join us on Facebook

Follow on Twitter