Back
Get in Touch Menu

‘Rural’ Gloucestershire

17 January 2012

Category: Press releases, Commercial, Rural business, Private, Agriculture and estates

Based in a county, nearly 80 per cent of which is classified as ‘rural’, we have years of experience in the legal issues affecting country property, land and agri-business.

We have now boosted our capability with the appointment of specialist rural affairs lawyer, Frank Smith – a nationally-recognised expert in agricultural, rural and equine matters.

Frank is working closely with lawyers in our commercial and private client departments to provide authoritative legal advice to farmers, landowners, those buying prime agricultural property, equestrian businesses and farming partnerships.

Frank handles a diverse portfolio, ranging from the recent purchase of several large areas of prime agricultural land for farming clients, with and without agricultural tenants, and acting in the sale and purchase of a number of fine country houses in the region.

Values of agricultural land continues to rise

While the residential market has been volatile in recent times, agricultural property has enjoyed a steady increase in price. The lack of supply and sheer demand means agricultural land values have soared.

By the end of 2011, land value in England had risen by 11 per cent on the previous year to an average price of almost £6,000 per acre.

Some sales have outstripped the average, with smaller plots of land valued at the £11,000 per acre mark. Sale of land in Herefordshire last summer hit a record high when an 83.81 acre block sold for £928,000 (£11,072 per acre). Even more remarkable was the sale of a 238-acre farm near Aylesbury, which sold for nearly £1m more than the £3.2m asking price.

Despite the general economic downturn, it seems that the lack of supply will continue to underpin rising values and lucrative sales of agricultural land. This is good news for owners wanting to sell, though based on land traded in the last five years, good quality agricultural land only comes onto the market sporadically. Still, fierce competiton is sure to send land values soaring still higher.

Disclaimer: All legal information is correct at the time of publication but please be aware that laws may change over time. This article contains general legal information but should not be relied upon as legal advice. Please seek professional legal advice about your specific situation - contact us; we’d be delighted to help.
Resources to help

Related articles

Unearthing the implicit duty of cooperation in commercial contracts

Commercial

In the world of business, contracts are the bedrock upon which deals are built. These carefully crafted documents are a testament to the mutual understanding between parties, outlining their respective…

Richard Holland BA (Hons)
Senior associate, solicitor

Why sole director companies should check articles of association

Corporate

A recent case has highlighted the importance of ensuring a company is incorporated with carefully drafted articles of association, if there is only one director. All limited companies must have…

Helen Howes LLM
Senior associate, solicitor

SCCs: New rules governing cross-border data transfers and data exchanges from the EU and EEA

GDPR & data protection

This September brings change to the use of standard contractual clauses (SCCs) governing data transfers from the EU and EEA. In June this year, the European Commission published two sets…

Kym Fletcher LLB (Hons) Euro
Consultant, solicitor
Contact us