Ru­ral es­tates keep on pros­per­ing

Yorkshire Post - Property - - PROPERTY -

In­comes on ru­ral es­tates in Eng­land con­tin­ued the pos­i­tive trend of re­cent years, al­beit at a slower rate, by re­turn­ing an av­er­age net in­come in­crease of 4.8 per cent. This growth was achieved de­spite in­come pres­sure on as­sets such as min­eral re­ceipts, which have been hit by the down­turn in con­struc­tion.

Ac­cord­ing to the Sav­ills Es­tate Bench­mark­ing Sur­vey, the North­ern and East­ern re­gions are more re­liant on agri­cul­ture, whereas in­come from res­i­den­tial and com­mer­cial prop­erty dom­i­nated in the South East. Ru­ral es­tates in the South West tapped into tourism.

Mike Pen­ning­ton, head of Sav­ills Es­tate Bench­mark­ing Group said: “It is heart­en­ing that fol­low­ing many years of in­vest­ment into core as­sets com­bined with a proac­tive ap­proach to man­age­ment, ru­ral es­tates con­tinue to pros­per dur­ing the present eco­nomic un­cer­tainty.”

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