The Covid19 global pandemic has provided a great deal of uncertainty for many sectors, however we are finding the market for agricultural land to be resilient. We continue to exchange & complete on land & farms and launch new properties to the market.
Brown & Co are monitoring over £150 million of agreed transactions, our experience to date is that agricultural land transactions agreed before the March 20th, are, in the majority, continuing through to completion.
Buyers are still being proactive; we have had extensive enquiries regarding properties on and coming to the market. Properties already launched are getting good engagement from potential buyers.
We have seen a wide cross section of buyer enquiries, from individuals with roll over relief where the clock is still ticking on the three year period and new entrants coming to the market who have finally decided to hang up their Financial Times and move across to the Farmers Weekly.
With this change in direction and spectrum of buyers, we are adapting our online marketing strategies to attract these new potential buyers.
We have been facilitating extensive use of video conferencing to view properties in this interim period, but generally careful viewing in person is now preferred by many.
In spite of the lockdown period our client, Jane Clarke and her son Fred, recently decided to launch their 663 acre family farm to the market during the crisis. The opportunity to slow down and step back from their daily stresses having allowed important discussions to take place about the future of their farm.
Mrs Clarke commented, “We were cautious about launching the farm because of all the uncertainty, but with the advice and support from Brown & Co we felt that despite the challenges that everyone is aware of, this was not a reason to prevent us from putting it on the market”.
Robert Fairey of Brown & Co, who has been advising the family for 5 years said “It has always been the plan to get out there early because there are buyers in the market, and if you’re not in the market, you’re not in the game."
Brown & Co have the experience and expertise to guide clients with confidence in any market conditions. To discuss your requirements please get in touch with your local Brown&Co team who will be happy to help.