The market for agricultural property across the South West region showed considerable resilience through 2024, despite fluctuating commodity prices and other pressures on the agricultural sector. Investment purchasers and those with amenity or equestrian interests continued to be active in the market. 

Demand for commercial farms and blocks of accommodation land was buoyant, although with the October Budget and specifically changes to Inheritance Tax, taking some heat out of the market. Agricultural purchasers wishing to take stock of their position, prior to making further commitments. Kivells Professional Team were subsequently busy assisting valued clients with Estate planning, through provision of valuations in conjunction with fellow professionals. 

Small parcels of land remained in greatest demand, particularly those with equestrian or amenity appeal, where premium prices were achieved; often marketed by public auction at our extremely successful Collective Property Auctions, a platform which continues to grow from strength to strength with over £19 million in sales achieved in 2024. 

Last year saw a series of changes to planning policy, where the Government announced significant and wide-ranging changes to the National Planning Policy Framework, with further changes to the legislative regime anticipated. These changes could mean a greater window of opportunity to achieve planning permission on land, which can increase value when sold with planning in place. 

Now into the New Year, Kivells Professional Team are actively advising valued clients considering a sale of property. For independent advice on sales and a full range of Rural Professional matters across the West Country and beyond, please contact the Kivells team today.