Rural property 'an attractive investment'

18 February 2010

Written by David Whittaker

Buy to let property owners who are looking for new investment opportunities may consider farmland buildings as an attractive option.

According to the rural market survey from the Royal Institution of Chartered Surveyors (Rics), demand for such property is outstripping supply.

Some 31 per cent more Rics members noted a rising demand for commercial farmland rather than a fall in the final half of last year.

Residential as well as commercial land seems to be an increasing appeal, with a one per cent higher rate of surveyors noting a rise rather than fall in demand.

This is in contrast to the 30 per cent who reported it to be falling in the first half of 2009.

Spokesperson for the organisation Sue Steer explained that investors see the opportunity as a viable business investment.

Ms Steer added: "Suddenly an investment in either pasture or arable land is a very attractive prospect."

Knight Frank explains that commodity prices in the agricultural sector can see extremely quick changes.

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