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Agricultural Land And Buildings

Volume 76: debated on Wednesday 3 April 1985

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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 possession5263,7893,820
tenanted3722,4042,250

Wales

with vacant possession3112,7372,760
tenanted247688710

Scotland

with vacant possession2401,9912,030
tenanted1661,0431,090

Northern Ireland

with vacant possession4132,8662,800

* Estimated