Commercial farmers are being tempted back to the East of England rural market following a resurgence in agricultural commodity prices. Demand for commercial farmland in the region increasing markedly in the last six months, whilst demand for rural retreats from lifestyle buyers increased only moderately, according to the latest RICS Rural Market Survey (published 22 July 2009). 

Key findings:

  • demand for non-residential farmland increased sharply in the first half of 2009 (H1 2009) 
  • Demand for residential farmland, land with a home or other buildings on it, increased moderately
  • The share of purchases made by individual farmers and non-farmers fell in the first half of this year, whilst the share of purchases made by agricultural businesses and institutional investors rose.
  • prices fell by four per cent in H1 2009, compared to a larger fall of seven per cent in the previous half year (H2 2008).