Top of the wish list in the country estate and farm property market is space for rural enterprise. Whether the property in question is a main home or a country retreat, space to host festivals, rear specialist breeds or offer boutique accommodation has become the latest must-have in the estates market.
Commercial space was always sought after in the country estates market, but over the last few years, buyers are no longer wanting just farmland to rent out, but space for their own enterprises. Since the economic crash in 2008, buyers are more conscious of where and what they are buying. A ‘trophy asset’ is still wanted by some, but having a property that works for you and earns its keep is far more desirable. Land still sits at the top of the wish list, but it’s not wanted for use as arable and pastoral land, but instead as space to host boutique festivals and specialist events such as Fork to Fork, Green Man or Big Feastival, to name a few.
The growth of the sharing economy has also influenced the country and estates market, many of my clients have bought property with a specific view to host friends and family, but to also achieve a healthy rental income from sites like Airbnb or One Fine Stay.
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