Farmland in Demand ; Homeowners May Be Suffering As the Credit Crunch Bites and House Prices Head South but the Cost of Farmland has Soared by a Third Over the Past Year.

Summary


Homeowners may be suffering as the credit crunch bites and house prices head south but the cost of farmland has soared by a third over the past year.

Fears over the state of the UK property market, global economic worries and a collapse in the mortgage market have failed to dent the confidence of farmland buyers, according to estate agents Knight Frank.

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Extract


Farmland in Demand ; Homeowners May Be Suffering As the Credit Crunch Bites and House Prices Head South but the Cost of Farmland has Soared by a Third Over the Past Year.

Its latest report showed the price of farmland as having risen by 12 per cent in the first three months of 2008.

Lifestyle buyers, UK farmers, their Irish and Scandi...

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