Farmland is going up rapidly in the UK

Farmland is going up rapidly in the UK

It took less than ten years for arable land prices in the UK to grow three times and reach record level. For the first six months of 2013 the average price was about €22,000 per hectare, according to ee24.com citing The Telegraph.

Hectare of farmland in the the north-west of the country is the most expensive one and costs €25,000. The cheapest land is located in Scotland and costs only about €13,000 per hectare, according to the Royal Institute of Chartered Surveyors (RICS). Experts predict that next years will see a rise up to €30,000 per hectare.

The rise in prices was accelerated by investors interest in land that can be leased to farmers. Investing in farmland is one of the most profitable businesses in the country, along with the student housing and commercial floorspace.