ARABLE FARMLAND PRICES COULD EXCEED FORECASTS – SURVEY.

Growth in average prime arable land values in the united kingdom is rising and looks set to exceed baseline forecast for the year, according to the lastest survey report from savills farms and Estates.

Following further increase during the third quarter of 2013, the value for prime arable land now average just under E 8,300 per acre across great britian, the firm’s analysis shows.

According to Propertymattersmedia.com, this pushes average growth up to 8.5 per cent so far this year, close to savills baseline forecast for average value growth for 2013 of 8.8 per cent with a further quarter to go.