Supply in Scotland fell by -7% to around 18,500 acres which was very similar to 2013. Here sellers and buyers continue to be affected by uncertainty surrounding land reform, the general election result and reform of the Common Agricultural Policy.
Welsh land supply has dwindled most dramatically, with only 1,900 acres for sale so far in 2015. This is less than half the area marketed in 2014 and of the average area over the past five years.
There are significant variations in activity across the regions in terms of acres (see Table 1), and the number of farms.
Almost half of the acres advertised were arable compared with around 30% in the previous four years. This shift and the regional increases in supply noted in Table 1 are, to some degree, reflected in the pressures on the arable and regional value growth noted earlier.
The supply data in this report is derived from publicly marketed farmland. Anecdotal evidence suggests the private market for farms and land remains active. ‘Off market’ activity levels in the past few years are probably at their highest for several decades.