Strong interest from local farmers continues to push up farmland prices, with over £9,000 per acre achieved at a recent auction in Oswestry.
The auction, managed by Roger Parry & Partners, at the Wynnstay Hotel, Oswestry, on 22 March saw a total of 20 acres of permanent pasture in Craigllwyn, Selayttyn, near Oswestry, sell well in excess of the asking price, achieving over £9,000.00 per acre.
RICS Rural Spokesman in Wales and Partner at Roger Parry & Partners LLP, Richard Corbett, said: “We had anticipated strong interest from local farmers and once again the results of these recent land sales prove that with correct method of sale and a realistic asking price that the land market is still buoyant despite the doom and gloom of Brexit.
“Roger Parry & Partners are delighted with the results of our successful land auction. This has completed a great week for the office, with over three land deals sold by private treaty and two of them for well over the asking price.”
Landowners seeking free private and confidential advice on selling land can call Richard Corbett at the Oswestry office of Roger Parry and Partners on 01691 655334 or on email firstname.lastname@example.org.