The price of agricultural land in Cornwall is continuing to rise, according to a leading local estate agent.
Miller & Son, which has 13 offices throughout Devon and Cornwall, reports an increasingly strong demand, with sale prices often far exceeding the guide price.
In the last week of May, 3.2 acres of grazing land near Mullion was sold at auction for £65k – more than double the guide price of £30k.
And according to Miller & Son director, Jeremy Miller, it is a growing trend. He said: “We have noticed an increasingly strong demand for land since the beginning of the year with people buying it for a variety of different sustainable reasons including, believe it or not, harvesting their own wood because the cost of fuel is so high.
“There is a real opportunity out there for farmers who want an injection of cash to sell off a field – something that is unlikely to devalue their own property but that will yield some additional finance.”
