RICS finds that overall prices have risen up to 30% in 12 months and 130% since the early 1990s Although the land prices continue to rise, this has not weakened demand for non-farmer buyers look to sussex farmland as a source of investment potentialA possible reason for this could be relief from the Inheritance Tax, but a more likely explanation centres around non-farmers buying neighboring farmland to protect the expensive residential property they have purchasedLatent demand is strong but sellers are few, so sales have declined to their lowest level recorded by the surveyDespite the sale of sussex farmland declining noticeably over the third quarter, surveyors remain confident that farmland prices for the next 12 months will continue to riseIt is expected that rising interest rates will curb future rises in sussex farmland prices, while clearer understanding of the Single Farm Payment regime may lead to more availability of land next year
The author is a land expert based in the UK
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