Over the years, there has been an increasing demand for agricultural properties especially among the British people who are drawn to the lush sceneries of a farmland and the appeal of the laid back life of the rural.
Experts suggest that the agricultural land market will continue to flourish as the population is still ballooning. There would be plenty of need for crops and grains to feed people, and the price of crops and other agricultural produce will continue to increase. So, it will be expected that the prevailing price of farmlands will still continue to skyrocket.
It has been noticeable that even when the price continues to increase, there is still a growing number of individuals who resort to farmlands as an investment during these times. The most common observation among investors is the acquisition of properties in high yielding fields like the East Anglia, which holds a promising return of invesment in a short period of time. This trend is observed worldwide and is projected to continue for about five years or so, with an approximate increase of six percent annually.
Expert agents like Eg Sugden from Property Vision suggest that investors should avoid buying small fields, stock farms and steep rolling country, which is hard to farm. This could present issues most especially if buyers would want to have a reasonable ROI within a span of time.
Sugden further notes that buyers should also be reminded that barns are generally in isolated positions without mature gardens and trees. They are also fairly nonconformist in terms of their layout, often with bedrooms on the ground floor or up in the eaves. There may also be a lack of light due to planning restrictions.
Barns tend to be like Marmite, you either like them or you do not. But, ROI and the structural problems of the barns and the farm land you are acquiring are not an issue. It is a promising investment for anyone.
