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Thu 17 November 2022
This year at Andrew Granger & Co, we have seen overwhelming demand for all land types throughout the east midlands. This coupled with the limited supply of land across the market has resulted in unprecedented sales, well in excess of the guide price.
We have found the need for land is from both farming and non-farming buyers for a range of reasons including, increasing commercial farming ventures, tax incentives such as rollover, Entrepreneurs' Relief, and Inheritance Tax Relief, additionally we have seen an increase in the number of investors looking for environmental opportunities including carbon offsetting and tree planting, and simply people looking for grazing or equestrian land.
In addition to public sales, we have seen an increase in the number of off-market sales, this may in part explain the limited land on the market. Off-market sales allow sellers extra control over the process while discreetly marketing their property, often resulting in a premium being paid. However, with the strong demand and bidding we are currently experiencing, we would advise that people may be better placed to be sell their land on the open market.
As a result of the current strong demand, we have many interested parties in a proceedable position that have registered their interest with us. Therefore, should you be looking to sell your land, rural property or farm Andrew Granger & Co offer experience in a whole host of rural property sales and can provide a range of services tailored to suit your requirement. If you would like help or advice on selling your land or agricultural property, please get in touch with our rural team on 01509 243720.
