The demand for farmland is strongly declined in the first half of the year in the UK. One leads back on lower prices for agricultural commodities and the uncertainties due to the Brexit referendum.
The Royal University of agriculture in London had found in a survey that 49% of respondents assume that all types of farm land will be cheaper next year. There is a large uncertainty about the compensation of the loss of revenue because many agricultural subsidies so far came from the EU. Therefore, the farm land prices had already dropped.
However, this concern is not shared by all, because without the regulation of the EU it would possibly soon better off. In addition, the Bank of England have lowered interest rates and the British agricultural exports would be more competitive by the falling rate of the pound sterling on the international market.
Generally, the real estate prices in the UK have fallen after the majority had decided to withdraw from the EU. Residential real estate are currently hardly traded on Great Britain.
