Rural lifestyle property sector in UK unlikely to see recovery in new future as prices and sales con

[Nicholas Wallwork]

Demand for rural retreats from lifestyle property buyers in the UK is likely to remain depressed despite prices falling, according to a new report.

Prices and sales volumes for residential farmland are continuing to fall, says the Royal Institute of Chartered Surveyors Rural Market but commerical farmland is faring better with buyers in this sector returning to the market.

The net balance of chartered surveyors reporting a decrease in demand for residential farmland remained in negative territory for the first half of this year, with 30% more surveyors reporting a fall than a rise.

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