A new online marketplace is being launched by the Agricultural Mortgage Corporation (AMC) to give buyers nationwide access to the ever-tightening supply of farmland for sale.
The UK Land and Farm property website, www.uklaf.co.uk, has been developed to provide farmers with a one-stop shop for all their needs relating to finding land and rural property in the UK.
Dedicated to the agricultural sector, only listing properties with three acres and more, this unique website already brings together land, farms and rural properties from almost 50 of the UK’s leading national and regional land agents.
Searchable by location, price, size and market status, 500 properties are already featured, divided into the following seven categories: Farms and Estates; Country Homes; Woodland; Equestrian; Horticulture; Leisure and Rural Business.
Jonathan Allright, senior manager network and operations at AMC, said: “At AMC, we really understand the financing of farmland, and that is why we are moving to fill this gap in the market. Until now there has been no facility dedicated solely to the sale of land that allows potential buyers to search on a nationwide basis.
“With the Royal Institution of Chartered Surveyors reporting land sales down 2.1 per cent in the second half of 2007, following an 18.5 per cent decline in the first six months, the supply of land remains tight but, despite the credit crunch, demand remains very strong. We feel that it is vitally important for farmers or other potential buyers to be able to search for land across the country quickly and with ease.
“AMC has a relationship with 75 firms of agricultural valuers and land agents, so the property website presented a natural opportunity for us to provide a one-stop shop for customers or potential customers searching for farmland and rural properties. The 500 properties on the site are an excellent start given the scarcity of land for sale, and we are confident this number will grow.
“With nearly 50 agents signed up already, and more to come, we look forward to continually expanding this resource, creating a really simple site for anyone looking for land, properties or businesses in the sector,” he added.
AMC, part of the Lloyds TSB Group, is a market leader in the provision of medium- and long-term secured loans to the farming industry in the UK.
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