Mr. Mitchellasked the Chancellor of the Exchequer what is his estimate of the value of agricultural land, including buildings, in the United Kingdom; and how this figure compares with the figure for 1970.
§ Mr. JoplingI have been asked to reply.
The following table gives the average prices of land (and buildings), for each country in the United Kingdom by type of tenure, in 1970 and 1983; estimates are shown for 1984. Information on the price of land (and buildings) is collected on a continuous basis by the Inland Revenue.
688W
Average prices of agricultural land (and buildings) in the United Kingdom £ per hectare 1970 1983 *1984 England with vacant possession 526 3,789 3,820 tenanted 372 2,404 2,250 Wales with vacant possession 311 2,737 2,760 tenanted 247 688 710 Scotland with vacant possession 240 1,991 2,030 tenanted 166 1,043 1,090 Northern Ireland with vacant possession 413 2,866 2,800 * Estimated