With land values continuing to climb and low cost funding available many of the region’s farmers and landowners are taking the opportunity to sell parcels of land and surplus buildings.
Agricultural sector specialist Ben Compton from Bruton Knowles’ Gloucester office said not even golf courses were immune.
“We are aware of one golf course which will be converted back to open fields as the rising value of agricultural land makes it more economical to farm rather than use for leisure activities.”
His comments followed news that the 156-acre Taunton Vale Golf Club at Creech Heathfield – on the market at between £1.75m and £2m - had been sold.
Ben believes other clubs across the country may follow suit as they are squeezed by rising land values on one hand and declining golf club membership on the other.
“In the meantime we have files full of people looking for land for all sorts of purposes. A great deal is for recreational use but there is also strong demand for commercial units with rollover money driving the market.
At the other end of the market buyers are also looking for paddocks equine use and small parcels of land with or without buildings in good locations are in great demand.
“Agricultural and strategic land values are hitting £20,000 an acre in selected areas adjoining our towns and cities and with lending rates at their lowest for 30 years and easier finance available the time is right for investors to return to rural areas.”
He went on: “Agricultural land is in short supply and prices are being pushed higher. Farmers and landowners who have previously sold land for development are finding that re-investing in agricultural land offers the most reliable returns.”
“The current wave of demand is for smaller pockets of land that is well located and can be used for recreation as well as larger commercial units. Anyone with land they want to dispose of in Gloucestershire and Somerset is in a strong position at the moment.”