asked the Chancellor of the Exchequer what is his estimate of the value of agricultural land, including buildings, in the United Kingdom; and how this figure compares with the figure for 1970.
I have been asked to reply.The following table gives the average prices of land (and buildings), for each country in the United Kingdom by type of tenure, in 1970 and 1983; estimates are shown for 1984. Information on the price of land (and buildings) is collected on a continuous basis by the Inland Revenue.
Average prices of agricultural land (and buildings) in the United Kingdom
| |||
£ per hectare
| |||
1970
| 1983
| * 1984
| |
England
| |||
with vacant possession | 526 | 3,789 | 3,820 |
tenanted | 372 | 2,404 | 2,250 |
Wales
| |||
with vacant possession | 311 | 2,737 | 2,760 |
tenanted | 247 | 688 | 710 |
Scotland
| |||
with vacant possession | 240 | 1,991 | 2,030 |
tenanted | 166 | 1,043 | 1,090 |
Northern Ireland
| |||
with vacant possession | 413 | 2,866 | 2,800 |
* Estimated |