^{Source: Savills Research}

In 2015, for the first time in a decade, the Savills Farmland Value Survey recorded falls in arable land values in the eastern counties of England, where growth has been most significant and values highest.

Grassland values, generally in the west, which have lagged behind arable values, have continued to increase (see Figure 4 above). The change in average values of ‘all land types’ (as illustrated in Figure 5 below) has created an east-west divide in value growth.

This also mirrors the contrasting supply dynamics, as noted on Supply and Demand 2015, which has also been a contributory factor to supporting values in the west.

In Scotland, the average value of farmland, from prime arable to poor grassland, has remained unchanged since the end of 2013. Uncertainty generated by the Referendum and Land Reform are key factors. The lack of growth over the past two years has resulted in Scottish farmland looking good value compared with that in England.

In fact, average values over the past 10 years increased 148% in Scotland compared with over 225% across England.

During 2015 the pattern in the North of England was similar to Scotland with no growth in average values across all land types. This follows significant average growth in 2013 of 17% for prime arable land and 11% across ‘all land types’.

In line with the western regions of England the average value of ‘all types’ of Welsh farmland increased by 1.3% with our survey recording average growth of 3.2% for Grade 3 arable land and 2.1% for poor quality grassland.

^{Source: Savills Research}