RICS report on Sussex Farmland Sussex Farmland in the UK are being targeted by the new breed of investors, fuelling demand and raising land prices, according to the rural land survey published last November by RICS (Royal Institution of Chartered Surveyors). The average price of a Sussex Farmland for the third quarter 2004 continues to edge closer to £10 000 per hectare, with price rises rivaling those of the residential sector in the past year. RICS finds that overall prices have risen by up to 30% in 12 months and 130% since the early 1990s. Although land prices continue to rise, this has not weakened demand as non-farmer buyers look to Sussex Farmland as a source of investment potential. A possible reason for this could be relief from inheritance tax, but a more likely explanation centres around non-farmers buying neighboring farmland to protect the expensive residential property they have purchased. Latent demand is strong but sellers are few, so sales have declined to their lowest level recorded by the survey. Despite the sale of Sussex Farmland declining noticeably over the third quarter, surveyors remain confident that farmland prices for the next 12 months will continue to rise. It is expected that rising interest rates will curb future rises in sussex farmland prices, while clearer understanding of the Single Farm Payment regime may lead to more availability of land next year. Posted by Carroll Bobo on December 13, 2008 at 12:00 AM About Carroll Bobo Carroll Bobo is affliated with United Country Bobo Realty, which is located in Tyler, TX. For further assistance please use the contact information located on the right. As of 05/25/12 the Carroll Bobo RePage is ranked at 3,475 with 420 points.

Local Information for Tyler, TX

Latitude: 32.334249 -- Longitude: -95.299927

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Tyler is the county seat of Smith County in East Texas, United States. The city is named for President John Tyler in recognition of his support for Texas' admission to the United States. As of the 2000 census, the city had a total population of 83,650, though recent estimates put the population at around 100,000. Tyler is referred to as the Rose Capital of America because of its large role in the rose-growing industry; about 20% of commercial rose bushes produced in the U.S. are grown in Tyler and Smith County and more than half of the rose bushes are packaged and shipped from the area. It boasts the nation's largest municipal rose garden and hosts the Texas Rose Festival each October. In 1985, the international Adopt-a-Highway movement originated in Tyler when, after appeals by local Texas Department of Transportation officials, the local Civitan chapter adopted a 2-mile (3-km) stretch of U.S. Highway 69. Tyler is also home to the Caldwell Zoo. -- Source: Wikipedia.com