Signs point towards surge in Shropshire's farmland market
This year could see a surge in farms and land for sale in Shropshire and its surrounding counties after weather held off some launches planned for the start of the year.
Even though the 11,400 acres publicly-marketed in the first quarter of 2024 was almost 50 per cent up on the same period in 2023, Carter Jonas still expects the traditional hive of sales activity to be evident.
“Supply in the first three months of the year is typically a fraction of the level of supply that comes to market in the second or third quarter,” said Ralph Collins, partner at Carter Jonas’ Shrewsbury office.
“Wet weather has delayed numerous launches.”
Carter Jonas’s new Farmland Market Update publication reports the robust demand from a range of buyers is set to continue to drive values upwards.
From January 1 to March 31, average arable land values in England and Wales increased by 0.9 per cent to £9,667/acre, and pasture grew by 0.7 per cent to £7,806/acre.
