Farmland is 5% cheaper than in 2005, so new figures show.
The Royal Institution of Chartered Surveyors' (Rics) rural land survey highlights that land values have been decreasing for a year.
Non-farm buyers buy more rural land than farmers and other agricultural businesses. The property or land with planning permission attached continue to appeal.
Sales of rural land were subdued in 2005, with fewer numbers of transactions than in 1998.
Rural homes play 'catch up' with the national market and are mirroring the small rises in the wider market.
The depression in rural land is likely to continue with the latest EU Common Agricultural Policy (CAP) reforms on their way.
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Farmland Getting Cheaper Mon, 20 Feb 2006
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