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Farm land prices in England and Wales have reached record highs in last year’s second half and are still expected to go up in 2013, according to the Rural Land Market Survey freshly released by the Royal Institution of Chartered Surveyors. Average farm land prices per acre were up to £6,783 in Wales and England, driven by increasing demand for commercial farmland in the second half of 2012 and will continue to rise this year.
In the breathtakingly beautiful area of Rhondda Valley, Wales, a three bedroom home with a terrace can be sold for as little as £25,000. Other homes in the areas of Mountain Ash, Trebanog and Cwmparc were all priced under £30,000. The Rhondda Valley area is most famous for its historical ties to the coal mining industry and the affects the closing of the pits had on the high unemployment rate in the 1990’s.
