Brexit has been a persistent hot topic since the EU referendum was held in June 2016 and whilst we are told that progress is being made to agree terms with the European Union, it still remains unclear how Brexit will affect many aspects of life as we know it, if at all.
There has been a certain amount of speculation, or scaremongering depending on which side of the fence you sit, but thus far there has been little movement in land values and property sales. We certainly haven’t seen the deep depths of despair that were predicted by some. That said the complexity of our current political climate means that there is still plenty of uncertainty and it may be some time before it disappears.
However, whilst some well-respected sources are expressing concern over a slowing market and a pending decrease in land values, other equally well-respected sources are offering a different and more positive perspective. In this regard nothing has really changed since the campaign in the run up to the referendum.
In terms of agricultural property, the same issues are raised time and time again no matter what the basis of the debate: the sector needs to be opened up to ensure that the rural economy remains prosperous. According to Jeremy Moody of the CAAV, there is plenty to gain from encouraging farmers of nearly retirement age to rent out their land with the intention of supporting “skilled and innovative farmers” who may be more able to enter the sector in this way. It appears that this, along with an element of flexibility is what we need to achieve as a collective rural community in order to safeguard rural futures.