From January to March 2019, UK sales decreased by 28% compared to the same period in 2018, when 10,390 acres were sold on the market.

The quarterly Savills value of agricultural land also shows that the average value of arable land in eastern districts remained relatively stable, dropping 0.9% to GBP 8,690 per acre in the first three months of the year.

Christopher Miles of the rural team at the Savills Norwich office said that despite the difficult market conditions, there is still interest in a well-diversified or high-quality commercial business.

“The market in the first quarter of any year tends to be relatively small, as most sellers prefer to wait and launch their property in the spring, so the numbers are not completely unexpected,” he said. “But it seems that the current political and economic uncertainty has slightly muffled the supply of land entering the market.

Undoubtedly, agricultural enterprises face serious problems, but until a future agricultural policy is approved, it is difficult to predict how the agricultural land market will affect, ”said Christopher Miles.