Land has traditionally been seen as a safe investment in troubled times, but with concerns over food security coupled with the draw of the "good life" for those city dwellers now able to work from home, demand may well far outstrip supply.
Specialist advisors are essential for both buyers and sellers to navigate the minefield that is rural property and ensure that the best deal is done.
With the COVID-19 crisis bringing food security concerns to the fore, coupled with uncertainty over global trade deals and commodity prices, farmland and land suitable for forestry are being seen as a secure investment. Interest isn’t just coming from new investors, but also from farmers and landowners looking to upscale and increase their profitability. Often the purchase or sale of a rural property is a once-in-a-generation event, and whilst the mechanics of these property transactions may seem similar to purchasing or selling urban residential or commercial property — it is after all, a case of buying and selling land and what’s on it — there are many potential pitfalls.