In a recent article published by Farmers Weekly four in every 10 acres of farmland marketed in 2016 remained unsold or were withdrawn by the end of last year, according to data from Strutt & Parker.
This was the highest proportion of unsold or withdrawn land since the agent’s records began in 1996 and was despite a 15% year-on-year fall in the number of acres on the market.
Just 24% of all acres marketed in 2016 were exchanged by the end of the year, compared with 69% in 2015 and 79% in 2014.
This left 37% available and not under offer by 19 December.
Gepp & Sons Agricultural Team have been buying and selling land for clients for many generations. If you require help with the sale/purchase or transfer of land please contact Edward Worthy on 01245 493939 or worthye@gepp.co.uk
This is not legal advice; it is intended to provide information of general interest about current legal issues.
